NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Fri Jul 11, 2014 03:10 PM CDT

Cotton futures settled about midrange in benchmark December Friday after tumbling to a contract low on the heels of jumps in U.S. and world ending stocks in USDA's supply-demand estimates.

December closed off 43 points to 68.12 cents, a contract low settlement but 102 points off the low of its 200-point range from up 55 points at 69.10 to down 145 points at 67.10 cents. It lost 394 points for the week, its fifth consecutive weekly loss.

Volume increased to an estimated 26,300 lots from 21,020 lots the previous session when spreads totaled 5,098 lots or 24% and EFP 142 ...

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