DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Aug 26, 2014 03:37 PM CDT

Cotton futures climbed above the four previous weekly highs and settled near the day's top level in benchmark December Tuesday.

December finished up 74 points to 66.89 cents, its highest close since July 23 and six ticks from the high of its 112-point range from down 32 points at 65.83 cents to up 80 points at 66.95 cents. It closed above its 40-day moving average for the first time since May 22.

Volume increased to an estimated 17,300 lots from 15,538 lots the previous session when spreads totaled 5,203 lots or 33% and EFP 41 lots. Options volume totaled 1,583 ...

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