NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jan 29, 2014 03:49 PM CST

Cotton futures rallied from a shallow dip to close with strong current-crop gains Wednesday in the face of macro concerns that rising borrowing costs in emerging markets may damp economic growth.

Spot March gained 120 points to close at a three-session high finish at 85.55 cents, in the upper half of its 261-point range from down 35 points at 84 cents to up 226 points at 86.61 cents. It continued to find trade support in the 84-cent area.

May closed up 139 points to 86.24 cents, widening its premium over March, while July gained 137 points to 86.30 cents and ...

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