Cotton Prices Soar After Historic USDA Cut Amid Megadrought
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U.S. cotton prices have skyrocketed due to a megadrought scorching Texas farmland, shocking analysts and traders
Raw sugar halted an earlier slide, with the market assessing weather and output prospects. Futures in New York rose by 0.3% by 8:26 a.m. local time, after slipping 0.7% on Monday, the first day of trading in the new year.