DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Fri Jan 10, 2014 03:04 PM CST

Cotton futures settled with modest losses Friday after USDA left the projected U.S. 2013-14 carryout unchanged and raised its forecast of world ending stocks by 1.2 million bales to a new all-time high.

Spot March closed off 22 points to 82.59 cents, near the low of its 169-point range from up 127 points at 84.08 to down 42 points at 82.39 cents. It touched the high amid short-covering and was trading near there when USDA released its updated supply-demand estimates.

The May contract eased off seven points to 82.74 cents, July edged down 20 points to 82.47 cents and December ...

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