DTN Closing Cotton Commentary
Wed Mar 19, 2014 03:18 PM CDT

Uncertainty dominated cotton as we continue to trade without knowing whether demand remained present during last week's high prices. May cotton settled down 31 points at 92.62, however, we still made higher highs and higher lows while settling once again above all support levels. The steep upward trend line mentioned this morning remains intact and should stay that way unless export sales come in disappointing. Using USDA's estimates we can calculate that we have approximately 940,000 bales uncommitted that will be sold into the export market.

December cotton was unable to take out Tuesday's ...

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