NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Nov 14, 2013 02:56 PM CST

Cotton futures closed sharply lower Thursday, attributed partly to increasing movement of foreign crops and ongoing nervousness about a looming resumption of sales from China's huge reserve stocks.

December closed off 145 points to 76.52 cents, a seven-session low finish after trading from 77.97 to 76.27 cents, and March settled off 113 points to 77.46 cents, just off the low of its 113-point range from 78.50 to 77.37 cents. March has posted lower highs six straight sessions.

Volume slowed to an estimated 38,500 lots from 47,116 lots the previous session when spreads totaled 38,186 lots or 81%, EFP 149 lots ...

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