DTN Closing Cotton Commentary
Darin Newsom DTN Senior Analyst
Thu May 2, 2013 02:40 PM CDT

Early Thursday saw the release of a bullish weekly export sales and shipment report, with sales of 314,000 running bales 32% larger than the previous week up 69% from the prior four-week average. Shipments were also solid at 364,800 running bales. And though these numbers are old, reflecting business as of Thursday, April 25, there might have been some noncommercial buying tied to the report.

The bulk of support came from renewed commercial buying, indicated by action in the futures spreads, following Wednesday's sharp sell-off. This could be implying another bullish weekly export sales and shipment report could be seen ...

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