DTN Closing Cotton Commentary
Tue Aug 5, 2014 02:35 PM CDT

OUTSIDE MARKETS: Advantageous precipitation seen on weather maps in the Corn Belt and large soybean producing areas resulted in both corn and beans approaching contract lows. New lows were unable to be obtained as we are still in the first week of August and have a long way to go before we see yield confirmations. Weakness in the grain complex and the stock market into today confirms that we did indeed experience a short covering rally yesterday and may still be searching for a bottom.

General Comments: Trading sideways overnight and transitioning into a ...

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