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Market Impact: 0.18
Cotton Bulls in Retreat on Wednesday
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Cotton futures are down 150 to 275 points at midday, signaling mild downside momentum. In related activity, Seam reported sales of 1,166 bales on 9/1 at an average price of 89.24 cents/lb. Crude oil is up $0.71/bbl and the US dollar index is down $0.122, partially offsetting the cotton weakness.
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