NY cotton futures collapsed

NY futures collapsed this week, with May dropping 2470 points to close at 177.23 cents, while December fell 1765 points to close at 115.74 cents. Panic short-covering had provided the fuel that boosted the market to new historic highs last week, but as soon as most March shorts were finally out, the buying stopped and the market collapsed into a vacuum. After the wild session last Thursday,

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