NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Jul 28, 2014 03:02 PM CDT

Cotton futures settled higher in slowed dealings within tight trading ranges Monday, lifted partly by suspected fresh business over the weekend.

Benchmark December closed up 53 points to 65.88 cents, in the upper quarter of a 73-point inside-day range from down three points at 65.32 to up 70 points at 66.05 cents, posting a new intraday contract low and low close the previous session but settled well off the low.

Mills bought steadily on the way down. Back-to-back weeks of strong export sales totaling 715,300 running bales boosted 2014-15 commitments to 1.103 million bales more than forward sales a year ...

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