NEWS
DTN Closing Cotton Commentary
Darin Newsom DTN Senior Analyst
Fri May 3, 2013 02:29 PM CDT

Cotton contracts closed higher Friday though volume seemed to be relatively light. Both the July and December posted modest gains, though the July rallied 1.93 cents for the week while December closed 1.07 cents higher than last Friday.

The new-crop market saw increased commercial buying interest throughout the week, as indicated by the strengthening inverse in the December to March futures spread. Buying in the new-crop market continues to be tied to weather concerns and ideas that US supply and demand will tighten over the course of the 2013-2014 marketing year.

USDA's next monthly report is scheduled for release on ...

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