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The Week Ahead
The summer doldrums were present this week, evident by the market’s daily two-sided moves and the December contract reaching a three-year low.
December futures settled 149 points lower at 70.87 cents per pound.
Favorable weather in Texas, speculative short coverings, and macroeconomic data contributed to this week’s price struggle.
The CFTC Cotton On-Call report showed an imbalance of 57,034 unfixed …