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Austin Schroeder

Cotton Losses Continuing at Midweek

Cotton IS Donald Trump Oil India United States US Dollar

Cotton futures are feeling more pressure so far on Wednesday, down 29 to 52 points at midday. Pressure is coming from a $0.588 gain in the US dollar index to $99.235. Crude oil futures are 98 cents/barrel higher.

On Wednesday morning, President Trump posted that tariffs on India will rise to 25% on August 1, citing the trade deficit and their buying of Russian crude oil.

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