NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Aug 12, 2013 02:47 PM CDT

Cotton futures rallied to post an outside-range reversal Monday on the heels of an unexpectedly small U.S. crop forecast and a slight downward revision in record high world ending stocks.

The December contract settled on a new seasonal high close at 90.08 cents, near the top of its 264-point range from down 118 points at 87.75 to up 146 points at 90.39. March closed up 87 points to 87.75 cents.

Volume increased to an estimated 27,000 lots from 17,358 lots the previous session when spreads totaled 6,442 lots or 37%. Options volume totaled 6,133 calls and 12,622 puts.

All-cotton production ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
(none currently available)