DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Oct 21, 2013 02:52 PM CDT

Cotton futures inched down a few ticks to settle at a new low close for the move in tight, inside-range dealings Monday.

Spot December settled down five points to 83.06 cents, near the midpoint of only a 60-point trading range from up 29 points at 83.40 to down 31 points at 82.80 cents. This was a new low close since Sept. 5. March eased seven points to 84.25 cents.

Volume slowed to an estimated 14,700 lots from 18,441 lots the previous session when spreads accounted for 8,200 lots or 44% and EFP for 28 lots. Options volume totaled 2,207 calls ...

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