DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Sep 30, 2014 03:20 PM CDT

Cotton futures traded both sides of unchanged and settled with a marginal loss at a new contract low close in benchmark December Tuesday.

December closed off 10 points to 61.37 cents, in the lower half of its 106-point range from down 46 points at 61.01 cents to up 60 points at 62.07 cents. It bounced after testing the intraday contract low of 60.83 but finished at the lowest close since early October, 2009, three ticks below the prior contract low settlement set Thursday.

December lost 520 points or 7.8% for the month and 1,214 points or 16.5% for the quarter. ...

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