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Commodities

Cotton Futures Rally on Monday Amid Strong Demand

Guavy AI Editorial Team
Instruments
Oil
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Cotton futures are experiencing a significant rally on Monday, with gains of 170 to 190 points across most contracts.

The US dollar index is $0.248 lower, while crude oil prices have increased by $2.38 per barrel.

According to the Commitment of Traders data, managed money added another 17,173 contracts to their net long in cotton futures and options during the week ending on August 25.

The net long stood at 95,841 contracts on Tuesday.

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