DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Jul 24, 2014 03:14 PM CDT

Cotton futures crashed through sell stops to a new contract low in benchmark December Thursday, shrugging off another round of strong U.S. new-crop export sales.

December closed off 203 points to 66.05 cents, lowest finish since October 2009 on a continuous weekly chart and in the lower quarter of its 258-point range from up 16 points to 68.24 to down 242 points at 65.66 cents. It ticked up to the session high the first few minutes after release of USDA's weekly export sales-shipments report.

Slower global growth foreseen by the International Monetary Fund contributed to the skid, analysts said. The ...

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