NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Apr 17, 2015 05:45 AM CDT

Cancellations of U.S. export sales on the heels of recent price strength and rising stocks in deliverable position contributed to downward pressure on cotton futures this week.

Soon-to-mature May lost 221 points to close at 64.01 cents for the week ended Thursday and most-active July fell 155 points to 64.58 cents, while December dropped 134 points to 64.62 cents.

July's low of 63.83 cents was slightly above a 50 percent retracement at 63.60 cents of the 620-point rally from the 60.50 low of March 18 to the 66.70 high of April 8. December settled about even with its 40-day moving ...

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