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Barchart
Barchart
Austin Schroeder

Cotton Closes with Midweek Gains

Cotton Oil United States US Dollar

Cotton futures closed the Wednesday session with contracts up 25 to 30 points in the front months. Crude oil futures were up 71 cents per barrel at the close at $58.96, with the US dollar index $0.578 lower to $98.620.

Commitment of Traders data for the week ending on November 10 showed managed money cutting 3,453 contracts from their net short position to 60,329 contracts. 

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