NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Feb 12, 2016 05:25 AM CST

Bearish supply-demand estimates, deteriorating technical factors and intensified concerns about the global economy have pushed cotton futures to new contract lows in heavy trading.

March fell 181 points during the week ended Thursday to settle at 58.42 cents, lowest spot futures close since Jan. 23, 2015. It posted a contract low at 57.85 cents, approaching the 2015 low of 57.05 cents, and closed lower six of the last seven sessions.

May -- its open interest topped March's for the first time -- shed 199 points to settle at 58.71 cents. July lost 196 points to finish at 59.31 cents and ...

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