Cotton market opens unsettled amid Mexico tension
New York April 20 The cotton market opened steady to higher as buying by spot and foreign houses supported advances after early liquidation. By midday active months rose 3 to 5 points, aided by favorable weather and heavy rains in the central belt. New Orleans notes improved weather spurred selling, first prices down 2 to 3 points before later gains of 3 to 5 points by noon as oversold conditions prompted demand and steady tone.
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Chicago Market Wheat Advances Then Sags on War Talk
Wheat in Chicago rose early on war talk and cold weather with opening quotes up about 3 cents, but reversed to near initial levels amid Wilson peace hopes. Corn followed wheat higher before turning down, with signs of oversold conditions and a midrange steadying.
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