NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Aug 20, 2014 03:35 PM CDT

Cotton futures exploded from a slow start to finish with strong gains Wednesday, triggering a series of buy-stops to reach an intraday peak above highs of the prior three weeks.

Benchmark December settled up 165 points to 65.81 cents, in the upper quarter of its 207-point range from down three points at 64.13 to up 204 points at 66.20 cents. It posted its highest intraday print since July 25 and its highest close since July 28.

Technical signs that the market may have carved out a potential near-term bottom helped to fuel the drive to higher ground, analysts said.

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