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No doubt our 27 lbs of markings driving global demand

Cotton Ends 2017 With a Bang, Heading for Best Rally Since 1998
2017-12-28 16:16:21.902 GMT


By Marvin G. Perez
(Bloomberg) -- Cotton futures are poised for a 10th
straight weekly gain, the commodity’s best run since 1998.
Prices have been buoyed by robust demand for the fiber.
Futures on Thursday were little changed after reaching the
highest since May. Hedge funds are signaling more gains are in
store, with investors holding the most net-wagers on a rally in
seven months, according to U.S. government data.
“U.S. exports have been doing better than expected, the
U.S. economy is strong, and there’s optimism among people, so we
are probably selling more cotton products,” Sid Love, president
of Sid Love Consulting Services in Overland Park, Kan., said in
a telephone interview.

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