DTN Closing Cotton Commentary
Thu Mar 20, 2014 03:51 PM CDT

Thursday marked the fifth consecutive day for volume to decline in the front month as interest on the speculative side lessens and the 1.84 million bales that remain on the CFTC's On-Call Report wait for lower prices before fixing. Prices peaked after export sales were released but gradually chopped lower as the day went on. Thursday marked the first time in March that we saw a successive close lower; both Wednesday and Thursday saw lower closes. In fact, all 2014 contracts closed lower.

The market was fed with fresh news later in the day ...

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