NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Oct 31, 2014 05:26 AM CDT

After testing a support area the prior week, cotton futures jumped this week to a six-week high in spot December before giving back nearly half the advance in some choppy daily price action.

December still gained 146 points to settle the week ended Thursday at 64.50 cents, barely maintaining a crossing earlier in the week above its 50-day moving average. An improved technical picture and macro-market influences contributed to the gains.

December posted the low for the week at 62.73 on Oct. 24, above the prior-day low of 61.98, a support area. Then it put in an inside-day on Monday, ...

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