NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Apr 4, 2013 03:21 PM CDT

A jump in U.S. weekly jobless claims to the most since Nov. 24 contributed to closing losses in brisk trading in cotton futures Thursday.

Spot May settled off 89 points to 88.33 cents, around the lower third of its 155-point range from up 14 points at 89.36 cents to 87.81 cents. It closed below Wednesday's low. July dropped 71 points to 89.97 cents and December dipped a modest 30 points to 87.94 cents.

A Labor Department report showing jobless claims climbed 28,000 to 385,000 during the week ended March 30, well above expectations, raised concerns that slower U.S. growth may ...

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