DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon May 6, 2013 04:14 PM CDT

Cotton futures closed above highs of the previous two sessions in light dealings Monday, supported by weather-related crop concerns and short-term technical considerations.

Benchmark July extended the recovery from Wednesday's steep plunge to three sessions in a row, settling up 96 points to 87.39 cents, just off the high of its 112-point range from down eight points at 86.35 to up 104 points at 87.47 cents.

December gained 104 points to close at 85.95 cents, four ticks off the high of its 116-point range from 84.83 to 85.99 cents, and maturing May rose 59 points to 85.31 cents.

Volume slipped ...

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