NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Oct 23, 2013 03:08 PM CDT

Cotton futures tumbled to sharp closing losses in brisk dealings Wednesday, taking out a widely watched chart support area on the way down.

Spot December shed 176 points to close at 80.69 cents, in the lower reaches of its 232-point range from up 39 points at 82.84 to down 193 points at 80.52 cents. The low was December's lowest intraday price since Feb. 4 and the close the lowest finish since Jan. 28. December skidded through a support zone from 82.11-81.72.

March lost 145 points to close at 82.27 cents as the December-March spread widened to a settlement carry of ...

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