DJ MARKET TALK: Cotton at 2-Month Low on Demand Uncertainty

15:22 EDT - Cotton futures slipped under pressure from stronger US dollar, which makes US cotton more expensive to foreign buyers. The uncertain global macroeconomic situation is also fueling demand fears, market participants say. "Friday is last day of the month and the last day of the quarter," says Knight Futures' Sharon Johnson. "So you'll see folks rush to the door to take what profits they have." ICE cotton for December delivery settled 1.2% lower at 70.65c/lb, a low since Aug 1.

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