DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Jun 30, 2014 03:00 PM CDT

Cotton futures fell to sharp losses Monday after the U.S. plantings report came in on the high side of trade estimates.

Benchmark December settled down 134 points to 73.51 cents, a new two-year low finish and in the lower quarter of its 177-point range from up 22 points at 75.07 to down 155 points at 73.30 cents. For the month, it lost 396 points or 5.1%.

Maturing July shed 168 points to close at 79.21 cents, its lowest finish since November and down 706 points or 8.2% for the month.

Volume totaled an estimated 18,300 lots, against a corrected 9,400 ...

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