High heat pushing US crop development; rain needed to ensure healthy stands and average yields
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- ICE cotton futures settle on negative ground
- Hot, dry weather persists across Texas; storms possible in southern US
- No. 2 cotton futures sharply lower
- ICE futures settle on gains
- USDA forecasts US cotton acres at 12.5 million
- Droughty conditions rule across most of US cotton belt; taking toll on Texas crop