DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jun 19, 2013 03:52 PM CDT

Cotton futures closed mixed Wednesday as July posted the board's only gain amid positioning ahead of first notice day.

Most-active December settled off 72 points to 86.60 cents, extending its losing streak to three sessions in a row amid perceptions of improved U.S. crop prospects.

December closed about the middle of its 167-point range from down 152 points at 85.80 cents to up 15 points at 87.47 cents. It shaved the loss after testing at the intraday low a 50% retracement (85.64) of its 784-point June rally.

July gained 42 points to close at 85.40 cents, still 718 points below ...

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