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Cotton (ICE Dec 2026 futures) trades at 79.99¢/lb, down 0.43¢ (-0.53%) in early Wednesday trade after settling +1.90% at 80.42¢/lb the prior session.
Main drivers
Prices are consolidating after a crude oil-driven rally, as traders take profits near the 80.00¢/lb psychological level.
Short-term outlook
Expect choppy trade around the 80.00¢/lb pivot, with direction likely dictated by crude oil moves and near-term demand signals.
