NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Apr 10, 2013 03:20 PM CDT

Cotton futures closed higher on heavy volume Wednesday, snapping a four-session losing streak, after supply-demand estimates left the U.S. carryout unchanged, as expected, and reduced world stocks outside China.

Most-active May settled up 73 points to 85.37 cents, in the lower half of its 189-point range from unchanged at 84.64 to 86.53 cents. July closed up 87 points to 87.48 cents and December up 78 points to 86.57 cents, both settling a few points below midrange.

The market posted the session highs ahead of the supply-demand report amid continued talk of revived export demand.

Volume climbed to an estimated 52,600 ...

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