NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri May 29, 2015 05:41 AM CDT

A late bout of suspected short-covering amid a new round of widespread thunderstorms on the Texas High Plains and more planting delays in the area's short growing season have helped to lift cotton futures.

Spot July gained 60 points to close at 64.33 cents for the week ended Thursday, a six-session high finish, while December edged up 36 points to settle at 65.09 cents, its highest settlement since May 18.

July posted back-to-back lows at 63.03 cents, unable to make further downside progress after falling to its lowest intraday prints since April 23, and bounced back above technical support (63.50) ...

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