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News 2026-10-16 14:43 UTC

Cotton heads for weekly loss on lower grains, good harvest weather

Oct 16 (Reuters) — Cotton futures were steady on Friday and headed for a weekly decline, pressured by weaker grain markets and favorable harvest weather. Cotton contracts for December fell 0.01 cent, or 0.01%, to 80.05 cents per lb by 10:29 a.m. ET (1429 GMT). The contract was down about 0.7% for the week. "It's been s