NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Mon Sep 16, 2013 02:55 PM CDT

Cotton futures remained on the defensive Monday, closing modestly lower amid follow-through pressure from Friday's failed rally attempt.

Benchmark December settled off 46 points to 84 cents, just below the middle of its 85-point range from up nine points at 84.55 to down 76 points at 83.70 cents. It settled below the low of the previous session and traded during day below March, though it closed at a 21-point premium.

December's weather premium linked to the late crop and murky quantity and quality outlook has narrowed from as wide as 333 points on Aug. 19. March closed down 37 points ...

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