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Barchart
Barchart
Austin Schroeder

Cotton Pushes Losses into the Friday Close

Cotton United States Donald Trump USDA crude oil Oil US Dollar

Cotton futures rounded out the Friday session with contracts down 151 to 333 points. July was 412 points in the red this week, with December falling 355 points. The US dollar index was $0.467 higher at $99.195. Crude oil was up $4.49 at $105.66 on the day.

Few details announced following the meeting with President Trump and China’s President Xi left the market hanging. President Trump stated early this morning that US farmers will be very happy with the trade deals with China. The market didn’t seem as confident. 

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