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Barchart

Austin Schroeder

Cotton Rallying Back on Thursday Morning

Cotton Ice Oil US Federal Reserve United States US Dollar

Cotton prices are up 78 to 123 points early on Thursday. Futures were weaker on Wednesday, with contracts 67 to 119 points lower. Crude oil was back up $5.34 per barrel, with the US dollar index was 0.586. The Fed left rates unchanged on Wednesday’s announcement.

The next 7 days looks for a drier forecast in TX, with the delta looking for a wetter pattern.

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