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
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Cows That Last If you've priced replacement heifers lately, or even just added up all the costs of raising your ...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet At what age should a cow be culled?
Related News Stories
China Battles Big Cotton Reserves