In the midst of yet another slaughter of commodities and stocks, cotton futures held up remarkably well today.
The March 2009 cotton contract closed down 0.88 to finish at 47.03, thanks to a steady rally after an initial drop. A push above the 48-cent mark would be impressive, as cotton continues to retrace some of it's recent pummeling.
The March 2009 cotton contract closed down 0.88 to finish at 47.03, thanks to a steady rally after an initial drop. A push above the 48-cent mark would be impressive, as cotton continues to retrace some of it's recent pummeling.
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