DTN Closing Cotton Commentary
Thu Aug 7, 2014 02:38 PM CDT

OUTSIDE MARKETS: In Chicago, new crop corn and wheat traded within the previous session’s price movement. November soybeans touched new highs for the month but settled below yesterday’s close as we near the highly anticipated August USDA report and the bearish weather forecasts remain unchanged. An initial rise in the stock market due to healthy economic data was capped off after earnings for large corporations such as Tyson Foods fell and we continue to watch developments in Russia.

General Comments: After making monthly highs during yesterday’s session, today experienced an inside trading day on ...

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