NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Mar 7, 2013 02:46 PM CST

Cotton futures traded lower throughout the day Thursday as traders jockeyed positions ahead of USDA’s updated supply-demand estimates.

Spot May snapped a seven-session string of higher closes, settling off 74 points to 86.50 cents, around the lower quarter of its 100-point range from up a point at 87.25 cents to down 99 points at 86.25 cents. It posted the high within the early minutes of overnight dealings.

July closed down 88 points to 87.08 cents, in the lower reaches of its 99-point range, and December settled off 33 points to 85.98 cents, near the high of its 95-point trading span.

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