DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jul 30, 2014 03:05 PM CDT

Cotton futures fell to yet another new contract low and new low close Wednesday after posting the session high on the overnight opening.

Benchmark December closed down 101 points to 64 cents, in the lower quarter of its 149-point range from up 24 points to 65.25 to down 125 points to 63.76 cents. This was its second new contract low close in a row and the third new intraday contract low in the last five sessions.

December had successfully tested on Tuesday the intraday contract low of Friday but had closed at a new contract low finish below Monday's low. ...

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