DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jun 11, 2014 03:20 PM CDT

Cotton futures settled lower Wednesday on the heels of USDA's supply-demand report, led by July amid the ongoing rolling of positions forward.

July closed off 79 points to 85.51 cents, reversing off a five-session high from up 60 points at 86.90 cents to down 122 points at 85.08 cents. Mill fixations offered support near the low.

December eased six points to 77.19 cents, settling in the upper third of its 99-point range from up 24 points at 77.49 to down 75 points at 76.50 cents. The inverted July-December switch narrowed 73 points to settle at 832 points.

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