NEWS
DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Jul 7, 2015 02:58 PM CDT

Cotton futures settled lower Tuesday, pressured partly by macro forces, talk of quiet export demand and promising U.S. crop prospects amid perceptions of downside vulnerability linked to a big buildup in speculative longs.

Benchmark December finished down 99 points to 65.96 cents, just below the midpoint of its 191-point range from up two points at 66.97 to down 189 points at 65.06 cents. It settled below lows of the prior three sessions after the low held a tick above last week's low.

This was December's fourth consecutive lower close, longest since a losing streak of that length ended May 27.

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