DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Fri Oct 24, 2014 03:05 PM CDT

Cotton futures finished above highs of the previous four sessions in spot December Friday after jumping from a shallow overnight dip to a triple-digit intraday gain.

December settled up 77 cents at 63.81 cents, in the upper half of its 193-point range from down 31 points at 62.73 to up 162 points at 64.66 cents. This marked its highest close and intraday price since Oct. 14.

Sluggish grower selling has kept near-term supply availability tight even as the harvest has gained momentum in wide areas of the Cotton Belt, analysts said. Scale-down mill buying offered support as prices rallied from ...

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