DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Mar 26, 2014 02:56 PM CDT

Cotton futures gyrated wildly Wednesday, initially exploding to a new two-year-plus high and then plummeting a stunning 652 points to the session low in heavy dealings.

Spot May closed down 245 points to 91.66 cents, in the lower quarter of its huge range from up 324 points at 97.35 cents to down 328 points at 90.83 cents. It reversed off the highest intraday price since early February 2012.

July settled down 218 points to 91.36 cents, trading within a whopping 650-point range from 96.76 to 90.26, and December closed down 100 points to 79.30 cents, 15 points off the low ...

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