NEWS
DTN Closing Cotton Commentary
Darin Newsom DTN Senior Analyst
Tue Apr 30, 2013 01:54 PM CDT

The new-crop December contract continues to extend its rally off the recent test of technical price support at 83.04. So far this week the contract has rallied almost 3.50 off last week's low, yet technical indicators continue to show the market in its seasonal downtrend.

Despite this, the December contract could soon test its recent high of 89.20 (week of March 11). Light commercial support was seen late in the day as the carry in the December to March futures spread weakened slightly.

Also, the old-crop July contract continues to gain on the December hinting at increased short-term demand. If ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
(none currently available)