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Market News Mixed as Cotton Reaches New Highs
The cotton market opened with strong gains after the census showed 4,062,991 bales ginned to Sept 25, a record high. December to May futures rose to multi month highs before midday profit-taking steadied prices. Spot cotton in several cities held gains amid steady to firm quotes as open interest remained high and expectations of bullish crop data persisted.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Washington
Liverpool
Robertson
Wall Street
Western
Southern
Robertson & Co
Cities Service Common
Cities Service