DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Apr 2, 2014 02:51 PM CDT

An early rally lost momentum shy of Tuesday's high as cotton futures retreated to a five-session low and closed in the red Wednesday for the third day in a row.

Spot May closed off 56 points to 91.51 cents, in the lower quarter of its 177-point range from up 91 points at 92.98 to down 86 points at 91.21 cents. July settled down 53 points to 91.97 cents and December eased off 16 points to 79.71 cents.

Traders will view the U.S. weekly export sales report on Thursday for any signs that the surge to new two-year highs last week ...

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