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Barchart
Barchart
Austin Schroeder

Cotton Falling Back on Wednesday Morning

Cotton price action is down 36 to 43 points so far on Wednesday morning. Futures got a Turnaround Tuesday bounce, with contracts up 10 to 27 points at the close. The US dollar index was down another $0.089 on the day to $97.495, with crude oil slipping back $1.01.

The NASS Crop Progress report indicated harvest matching the average pace at 16%. Cotton conditions were listed at 47% good/excellent, steady with last week, as the Brugler500 index was up 2 points to 335. Ratings in TX were up just 2 points, with GA slipping by 2 points.

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