NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Apr 14, 2014 03:14 PM CDT

Cotton futures settled with strong gains in old-crop deliveries and a slight loss in new-crop December Monday.

Spot May settled up 189 points to 90.91 cents, a four-session high close and in the upper half of its 215-point range from up 50 points at 89.52 to up 265 points at 91.67 cents. Most-active July gained 183 points to 92.28 cents and December eased off 10 ticks to 81.37 cents.

Oversold short-term technical readings and a strong U.S. retail sales report for March contributed to the old-crop gains, with dry soils in the big cotton area on the Texas Plains helping ...

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