NEWS
DTN Closing Cotton Commentary
Darin Newsom DTN Senior Analyst
Mon Apr 29, 2013 03:14 PM CDT

Commodities in general were able to rally Monday as the US dollar index came under increased pressure. With the dollar looking at a strengthening secondary (intermediate-term) downtrend, commodities in general could see increased noncommercial buying interest. Recent weeks has seen this group become more interested in the cotton market, as evidenced again during Monday's rally, despite a commercial outlook that is growing more bearish.

Commercial selling limited the rally in the cotton market Monday as indicated by the strengthening carry seen in the futures spreads. Unlike some of the other ag markets, weather doesn't seem to be a huge issue ...

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