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Barchart
Barchart
Austin Schroeder

Cotton Trading with Monday Strength

Cotton futures are trading with Monday gains of 29 to 36 points at midday. The outside markets are supportive factors, as the US dollar index is down $0.150 on the day to $97.620 and crude oil futures $0.38 higher. 

Spec funds in cotton futures and options were increasing their already large net short position by 6,438 contracts as of September 2, taking that net short to 66,369 contracts.

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