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Austin Schroeder

INSANE: Cotton bouncing higher on monday - The Real Truth

Cotton IS Oil United States US Dollar

Cotton futures are back up 59 to 69 points at Monday’s midday. Crude oil futures are up $1.28 per barrel on the day at $64.83. The US dollar index is down $0.626 to $96.880.

Spec traders were busy adding 6,717 contracts to their net short position in the week of 2/3, taking the total to 71,746 contracts net short in cotton futures and options.

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