NEWS
DTN Morning Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jan 28, 2015 08:09 AM CST

Cotton futures ticked slightly lower Wednesday as traders focused a wary eye on the U.S. dollar amid speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the day.

Spot March hovered off 20 points to 58.58 cents at 7:45 a.m. CST, trading within a 66-point range from 58.11 to 58.77 cents on a contract volume of 1,547 lots. May dipped 16 points to 59.38 cents on a turnover of 492 lots.

The Fed began a two-day monetary policy meeting Tuesday and is scheduled to release a statement on Wednesday. Soft business spending and disappointing ...

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