NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Jul 24, 2015 05:28 AM CDT

Supportive U.S. old-crop export sales-shipments data contributed to a follow-through bounce in cotton futures on the heels of a successful test of a seven-month uptrend line this week.

But benchmark December still lost a modest 50 points for the week ended Thursday to close at 64.74 cents, remaining entrenched in its sideways trend. It fell at midweek to 63.94 cents, lowest intraday price since June 23 (corrected from a prior-date low reported here last time).

December finished around the middle (64.70) of its 683-point trading range from the Jan. 23 low at 61.28 to the July 2 high of 68.11 ...

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