DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Aug 12, 2014 02:47 PM CDT

Cotton futures closed with triple-digit losses in the front three contracts Tuesday after USDA raised its 2014-15 U.S. ending stocks projection to the largest since 2008-09 and marginally shaved the still record high world carryout.

Benchmark December shed 103 points to close at 63.37 cents, just off the low of its 146-point range from up 35 points at 64.75 to down 111 points at 63.29 cents. It settled below lows of the prior four sessions.

Volume quickened to an estimated 18,400 lots from 14,725 lots the previous session when spreads accounted for 5,343 lots or 30%, EFS 90 lots and ...

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