Grain and Provisions Rally Turns to Loss on Weak Markets
Chicago futures for wheat and rye slid after early strength as selling followed weak stock and cotton markets. Oats also softened with Dec and May prices showing lower closes amid ongoing pressure and a Stalin forecast of Germany’s early defeat influencing sentiment.
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Cotton prices tumble on liquidation and hedging in New Orleans
New York report notes cotton prices slid about one dollar per bale today amid a rush of liquidation from New Orleans and nearby markets plus hedging activity.
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