DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Oct 7, 2013 03:41 PM CDT

Cotton futures settled with steep losses Monday as abatement of weather issues triggered profit-taking and stop-loss selling.

Benchmark December settled down 316 points to 84.02 cents, in the lower quarter of its 352-point range from down six points on the overnight opening to down 358 points at 83.60 cents.

December settled at a 43-point discount to March -- it had traded at a premium of more than 300 points in mid-August -- and finished at its lowest settlement since Sept. 16. March lost 268 points to close at 84.45 cents, 35 points off the low of its 305-point range.

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