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Austin Schroeder

Cotton Firms into Thursday’s Close

Bessent Oil United States China US Dollar

Cotton futures closed the Thursday session with contracts up 2 to 60 points across the nearbys. Crude oil was up $2.60 per barrel on the session, with the US dollar index $0.163 higher.

Traders were monitoring the US/China meeting, though nothing was released surrounding trade related news. Secretary Bessent has stated this week that the two countries are extending the trade truce for 2 months.

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