DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Wed Oct 7, 2015 02:55 PM CDT

Cotton futures finished a session of choppy price action narrowly mixed Wednesday, with benchmark December -- the only loser -- settling with a fractional loss after posting a new high for the move.

December settled off three ticks at 62.05 cents, just below the midpoint of its 70-point range from up 40 points at 62.48 to down 30 points at 61.78 cents. It retreated, holding slightly above the prior-session low, after hitting a 61.8% retracement of the decline from the Sept. 11 high of 64.20 to the Sept. 24 contract low at 59.70.

A late rally brought December to a ...

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