NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Thu Sep 26, 2013 03:13 PM CDT

Cotton futures settled moderately ahead at a six-session high close Thursday as reports of a smaller crop in China offered support along with a chart pattern of upward-slanting daily lows.

Benchmark December settled up 82 points to 85.47 cents, just off the high of its 93-point range from unchanged at 84.65 cents to 85.58 cents. It closed above highs of the previous four sessions at its highest finish since Sept. 18 when the Federal Reserve stunned the markets by deciding not to scale back its massive stimulus program.

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