NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Jun 20, 2013 03:45 PM CDT

Cotton futures continued to lose ground Thursday amid steep losses in global stocks and commodities on concerns that the Federal Reserve may phase out its unprecedented stimulus and a cash crunch in China.

Most-active December closed down 124 points to 85.36 cents, slightly below the middle of its 230-point range from up seven points at 86.67 cents on the opening high to down 223 points at 84.37 cents. It extended its losing streak to four sessions in a row and settled at its lowest finish since June 11.

July, with first notice day looming on Monday, closed down 48 points ...

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