DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Sep 19, 2013 03:34 PM CDT

Cotton futures settled lower Thursday as profit-taking took back about three-fourths of the previous session's strong finish.

Benchmark December settled off 82 points to 84.72 cents, reversing from a new high for the move overnight to close around the lower third of its 158-point range from up 24 points at 85.78 to down 134 points at 84.20 cents. It posted the highest intraday print since Aug. 21 and held on the downswing above Wednesday's low.

Thinly traded October, where first notice day arrives Tuesday, settled down 39 points to 85.34 cents and March closed off 68 points to 84.46 cents.


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