NEWS
DTN Morning Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Jul 29, 2014 08:19 AM CDT

Cotton futures traded lower in early dealings Tuesday after bouncing to the largest closing gain in benchmark December in about five weeks the prior session on inside-range price action.

December hovered off 45 points to 65.43 cents at 7:59 a.m. CDT, in the lower half of its 84-point range from 65.99 to 65.15 cents on a contract volume of 1,932 lots.

A broad area of showers and a few thunderstorms moved from the New Mexico state line eastward into the Texas High Plains Tuesday. Rainfall chances for the Lubbock area are rated at 70% Tuesday, 30% Wednesday and 20% Thursday.

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