DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue Jun 30, 2015 02:44 PM CDT

Cotton futures climbed from a steep loss to finish at a new rally high close in benchmark December on heavy volume Tuesday after USDA reported a lower-than-expected U.S. planted area.

December settled up 68 points to 67.91 cents, just off the high of its wide 294-point range from down 218 points at 65.05 to up 76 points at 67.99 cents. It reversed off a three-session low to settle at its highest finish since September.

Volume quickened to an estimated 49,600 lots from 27,300 lots the previous session when spreads accounted for 3,793 lots or 14%. Options volume totaled 6,501 calls ...

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