NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Apr 3, 2013 03:17 PM CDT

Cotton futures settled higher for a second day Wednesday, bucking widespread losses in commodities -- including a big drop in oil -- and weakness in equities.

Spot May gained 35 points to close at 89.22 cents, in the middle of its 98-point range from down 15 points at 88.72 to up 83 points at 89.70. It posted the low within about the first half-hour of the overnight session and hit the high, a tick above Tuesday's high, around 8:30 a.m.

July settled up 34 points to 90.68 cents, above the midpoint of its 104-point range from 90.01 to 91.05 cents, ...

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