Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Apr 11, 2014 05:41 AM CDT

Updated U.S. 2013-14 supply-demand estimates yielded a "buy the rumor, sell the fact" reaction in cotton futures this week, with old-crop prices losing ground and new-crop values hitting a seven-month high.

Spot May fell 196 points for the week ended Thursday to close at 89.02 cents, its lowest finish since March 5, while December advanced 140 points to 80.84 cents, its highest settlement since October. July, now the lead month in open interest, fell 96 points to 90.29 cents.

Index funds continued rolling positions from May, selling May and buying July, ahead of the expiration of May options on April ...

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