DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Oct 22, 2013 02:46 PM CDT

Cotton futures settled with a moderate loss at the session low and another new low close for the move on thin volume Tuesday.

Spot December closed down 61 points at 82.45 cents, a tick off the low of its narrow 67-point range from up five points at 83.11 to down 62 points at 82.44 cents. This was its lowest close since Sept. 5. March settled off 53 points to 83.72 cents.

Generally favorable U.S. harvesting weather and reinforcement for a bumper crop outlook in India weighed on sentiment, analysts said. Export inquiries appeared quiet.

Volume slowed to an estimated 11,900 ...

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%