DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Aug 21, 2013 03:01 PM CDT

Cotton futures plummeted for the second day in a row Wednesday as long speculators and funds continued to rush for the exits and volume jumped.

Benchmark December lost 462 points under the expanded daily trading limit to close at 84.24 cents, its lowest finish since July 17 and near the low of its 465-point range from down 21 points at 88.65 to down 486 points at 84 cents. The low marked a loss of 972 points or 10.4% from Friday's high.

October fell to within eight ticks of the 500-point limit and closed off 485 points at 83.91 cents, ...

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