DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Aug 13, 2014 02:48 PM CDT

Cotton futures finished with strong gains Wednesday, rebounding amid suspected overnight business from losses spawned by statistically bearish supply-demand estimates the prior day.

Benchmark December settled up 135 points to 64.72 cents, in the upper third of its 181-point range from up nine points at 63.46 cents to up 190 points at 65.27 cents. It pushed through last week's high and closed at its highest settlement since July 29.

Volume reached an estimated 17,438 lots, against 18,436 lots the previous session when spreads accounted for 4,918 lots or 27%, EFS 262 lots and EFP 261 lots. Options volume totaled 1,734 ...

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