NEWS
DTN Closing Cotton Commentary
Tue Mar 12, 2013 03:04 PM CDT

May cotton futures started moving higher in the wee hours of the morning Tuesday and continued on that path throughout the day session, closing at 87.33, up .61 and .41 cents off the day's high. Noncommercials were modest buyers. The July contract traded in a similar pattern, closing up .67 at 88.16, just .33 cents off the day's high.

The nearby May-to-July spread widened from .77 to .83 contango, indicating light commercial selling and a continued bearish commercial outlook. The backwardation in the December to March 2014 spread strengthened from 0.58 to 0.87. A strengthening backwardation implies commercials are becoming ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • 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...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
(none currently available)