DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Mar 27, 2013 03:50 PM CDT

Cotton futures consolidated higher in old-crop contracts and settled little changed in December amid positioning Wednesday ahead of the long-awaited U.S. prospective plantings report from USDA.

Spot May rallied from early losses to close up 49 points to 88.53 cents, near the high of its 153-point range from down 91 points at 87.13 cents to up 62 points at 88.66 cents.

July also touched its high in the late going and settled near there at 89.80 cents, up 47 points, trading from 88.43 to 89.92 cents. Both May and July remained within the prior-session ranges.

The December contract eked out ...

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