DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed May 8, 2013 03:02 PM CDT

Cotton futures surged in the late going and completed an outside-range reversal to the upside Wednesday.

July settled up 53 points to 87.68 cents, its highest finish since April 5. It rallied from down 176 points at the morning low of 85.39 cents, below lows of the prior three sessions, to a 96-point gain at 88.11 cents and settled in the upper quarter of the 272-point range.

The May contract expired 148 points under July, closing up 19 points at 86.20 cents. December advanced 80 points to close at 86.77 cents, in the upper reaches of its 280-point range from ...

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