MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Thu Apr 4, 2013 07:39 AM CDT

On February 21, 2012, this blog talked about the bullish outlook for the December 2013 (new-crop) cotton contract. Technically, the market looked to be establishing a solid uptrend supported by an increasingly bullish commercial view of supply and demand. Add in a bullish seasonal index and the conclusion was that the market could be testing the 89.00 range by mid-April.

Fast forward to today. The Dec cotton contract has posted a series of highs near 89.00, with the highest being 89.20 the week of March 11. The consolidation phase the market has been in since on the weekly chart has ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments