DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Jun 24, 2013 03:01 PM CDT

Cotton futures reversed from a moderate overnight gain to finish with a sharp loss just off the day's low Monday.

Most-active December closed off 146 points to 83.18 cents, seven ticks off the low of its 219-point range from up 66 points at 85.30 cents to down 153 points at 83.11 cents. It settled at its lowest close since May 31 and extended its losing streak to six sessions in a row.

Ongoing concerns about a credit squeeze and slowdown in China, the world's second largest economy and largest cotton consumer, weighed on global equities and most commodities and contributed ...

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