DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Mar 25, 2014 03:33 PM CDT

Cotton futures surged from an early dip to the daily limit and a new two-year-plus high Tuesday, bolstered partly by confirmation of a smaller crop indicated by U.S. end-of-season ginning figures.

Spot May closed up 348 points to 94.11 cents, in the upper reaches of its 473-point range from down 73 points at 89.90 to up 400 points at 94.63 cents. It hit the highest intraday price on a continuous chart since March 2012 and settled at the highest close since early February 2012.

July also jumped the daily limit and closed up 299 points to 83.54 cents, while December ...

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