NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Jul 10, 2014 03:35 PM CDT

Cotton futures closed with triple-digit losses in 2014-15 contracts Thursday, falling to yet another new contract low settlement in benchmark December and finishing in the red for the eighth session in a row.

December closed down 112 points to 68.55 cents, just off the low of its 129-point range from up 12 points at 69.79 to down 117 points at 68.50 cents, only 25 points above its contract low. It has closed higher only once in the last 12 sessions.

Volume rose to an estimated 21,000 lots from 14,257 lots the previous session when spreads totaled 2,993 lots or 21%. ...

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