DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Jul 1, 2013 03:24 PM CDT

Cotton futures rallied from an early dip to just below lows of the previous two sessions to post a strong closing gain in a bullish outside-range reversal in most-active December Monday.

December settled up 153 points to 85.54 cents, above last week's high and its highest finish since June 19. It closed three ticks off the high of its 237-point range from down 81 points at 83.20 to up 156 points at 85.57 cents. Only a handful of lots traded in maturing July and in October.

Gains in global equity markets and growth in U.S. manufacturing may have offered background ...

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