By admin       2019-05-17

The cotton market is moderately higher Thursday morning as speculative selling seems to have exhausted itself. After experiencing a limit-down Monday, prices spiked even lower Tuesday night, before snapping up. Then, Wednesday saw technical consolidation among the futures, and so far Thursday, the market appears to want to trade higher, albeit timidly so.Cotton is also being helped out by stronger outside markets, including grains and financials. USDA released its weekly sales and exports data Thursday morning. Superficially, the numbers appear to be a little disappointing.

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