NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Aug 27, 2014 02:48 PM CDT

Cotton futures settled at a new monthly high close in benchmark December Wednesday amid favorable technical action, mill buying and short-covering.

December closed up 57 points to 67.46 cents, in the upper quarter of its 114-point range from down 31 points at 66.58 to up 83 points at 67.72 cents. It achieved a 25% retracement (67.70) of the 22.72-cent move from the May 8 high to the Aug. 1 contract low of 62.02 cents.

Volume quickened to an estimated 23,300 lots from a final 17,567 lots the previous session when spreads totaled 6,200 lots or 35% and EFS 283 lots. ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
(none currently available)