NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Oct 16, 2013 03:14 PM CDT

Cotton futures settled with a moderate loss to snap a three-session string of slightly higher closes Wednesday as spreads continued to weaken.

Spot December finished down 55 points to 83.16 cents, its lowest close since Sept. 5 after trading from up 27 points at 83.98 cents to down 78 points at 82.93 cents. The low held a couple of ticks above the Sept. 9 low and brought into view the important support area of 82.11 to 81.72.

March settled off 41 points to 84.28 cents, widening its settlement premium to December to 112 points.

Volume rose to an estimated ...

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