DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Jan 23, 2014 03:02 PM CST

Cotton futures traded inside the prior day's range for a second day and finished with back-to-back losses Thursday.

Spot March settled off 51 points to 87.33 cents, in the lower third of its 120-point range from up 31 points at 88.15 cents to down 89 points at 86.95 cents. Its settlement discount to May -- it had traded at a 60-point premium near the end of December -- widened to 28 points.

The May contract closed down 40 points to 87.61 cents, July dipped 13 points to 87.54 cents and December slipped 36 points to 79.31 cents. December had met ...

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