Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri May 22, 2015 06:08 AM CDT

Cotton futures have followed the path of least resistance downward amid negative technical signs, long liquidation and weak spread action.

Spot July fell 280 points for the week ended Thursday to settle at 63.73 cents, its lowest finish since April 22, while December fell 180 points to close at 64.70 cents. July closed back below its nine-day, 18-day and 40-day moving averages on Monday and the 50-day on Tuesday.

The July-December spread, which had posted a 135-point July premium on April 30, traded at a 100-point December premium and closed at a carry of 97 points. Index fund rolling of ...

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