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Cotton futures rose on August 19 alongside a stronger US dollar, Chicago grains and crude oil. Analysts cited weak demand concerns from Bangladesh and China, while Texas and the Southeast faced extreme heat and dryness.
Cotton remains pressured by weak demand and ample production expectations, though lower prices may draw buyers; the report describes routine price moves without a new supply shock.
blog.pricegroup.comJack ScovilleAug 20, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
