DTN Closing Cotton Commentary
Tue Mar 18, 2014 02:49 PM CDT

As the market makes these advances without fresh fundamentals hitting the scene, one would assume that the tight nearby supplies continues to feed the bulls. The front-month May contract traded near the upper end of its daily range for the majority of the day, pushing into new highs near the close, settling above all major moving averages. Tuesday's settlement price was a new high coming in at 92.93; 73 points above the previous settlement high. December eked out gains throughout the day, expanding its tight range from this morning to 54 points and settling ...

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