DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Feb 19, 2014 02:55 PM CST

Cotton futures tumbled to sharp closing losses in old-crop contracts Wednesday after again failing the previous day to take out resistance at last week's high for the move in most-active May.

May lost 157 points to close at 87.91 cents, a six-session low finish and just off the low of its 174-point range for the day from 89.55 to 87.81 cents. It had posted a new high close for the move on Tuesday but not a new follow-through seasonal high.

The March contract settled down 94 points to 86.97 cents, trading from 88.05 to 86.81 cents, while July fell 117 ...

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