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Barchart
Austin Schroeder

Cotton Posting Monday Gains Following Early Weakness

Cotton Commitment of Traders crude oil Oil United States US Dollar

Cotton futures are trading with contracts 30 to 85 points higher so far at midday. Crude oil is back down $4.52 per barrel, with the US dollar index back up $0.076.

Friday afternoon’s Commitment of Traders report showed managed money spec funds in cotton futures and options trimming back 799 contracts to their net long in the week ending on Tuesday to 52,410 contracts.

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