NEWS
DTN Morning Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Jul 23, 2014 08:30 AM CDT

Cotton futures ticked higher in quiet dealings Wednesday, continuing to trade in a consolidation manner.

Benchmark December hovered up 48 points to 68.39 cents at 8:12 a.m. CDT, a tick off the high of its 55-point range from 67.85 to 68.40 cents on a contract volume of 1,114 lots.

Light, isolated showers popped up overnight west and northwest of Lubbock on the Texas High Plains, but the moisture wasn't enough change the overall crop situation and likely will be lost rather quickly to evaporation.

Amounts in cotton areas recorded by Texas Tech's West Texas Mesonet were only a few hundredths ...

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