DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Mar 24, 2014 02:52 PM CDT

Cotton futures tumbled to steep losses Monday amid a lower selling price announced on China's reserves, a weak reading on factory output in China and overbought technical signals.

Spot May lost 268 points to close at 90.63 cents, in the lower quarter of its 391-point range from up 44 points at 93.75 cents -- matching its intraday seasonal high -- to down 347 points at 89.84 cents. It finished at its lowest settlement since March 5.

July shed 215 points to settle at 90.55 cents and December dropped 96 points to close at 79.29 cents. December edged up to a ...

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