Monday, April 1, 2013

DTN Morning Comments on Cotton



DTN Morning Comments on Cotton

Published on 04-01-2013

Cotton Posts Modest Gains

China’s factory output rose. Trend-following funds reduced net longs for the
first time in five reporting weeks. Grower sales fell to 619 bales on The Seam.

By Duane Howell
DTN Cotton Correspondent

Cotton futures posted modest gains Monday as trading resumed following a
three-day holiday weekend in observance of Easter.

Spot May hovered up 21 points to 88.67 cents at 8:05 a.m. CST, in the middle
of its 122-point range from 88.06 to 89.28 cents on a contract volume of 1,771
lots. July gained 19 points to 90 cents and December edged up 15 points to
87.52 cents.

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 The risk of loss in trading futures and options can be substantial, therefore only genuine "risk" funds should be used in such trading. Futures and options may not be a suitable investment for all individuals and individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance results. Opinions expressed herein are the opinions of the author only and not the opinion of any firm the author may be affiliated or associated with.