DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Aug 15, 2013 03:08 PM CDT

Cotton futures settled slightly ahead in benchmark December Thursday, rallying after falling below the previous-session low on the heels of a USDA report showing slower U.S. weekly export sales.

The December contract closed up 24 points to 91.79 cents, just off the high of its 127-point range from up 30 points at 91.85 to down 97 points at 90.58 cents. It was narrowly a new high close for the move.

March eked out a one-point closing gain to 88.96 cents, while deferred contracts settled with slight losses.

Volume slowed to an estimated 15,200 lots from 20,959 lots the previous session ...

Quick View
Related News Stories
US Cotton Acreage Forecast Up 6.2%
Groups Disappointed on Cotton
USDA Can't Help Cotton
China Cotton Imports Down 40%