DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Fri Aug 1, 2014 03:12 PM CDT

Cotton futures rallied from a new contract low to finish in the green on the first day of the new marketing year Friday, snapping a string of three straight new contract low closes.

Benchmark December settled up 40 points to 63.27 cents, in the upper half of its 195-point range from down 85 points at 62.02 to up 110 points at 63.97 cents. It stalled just shy of Thursday's high and lost 208 points for the week, the eighth consecutive losing week and 12th in the last 13.

Nearby October and March also posted 40-point closing gains, settling at 62.49 ...

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