Cotton Posts Small Nearby Gains
Updated supply-demand estimates due Wednesday.
Trend-following funds nudged net longs up 396 lots.
Cash business sales quickened on The Seam.
By Duane Howell DTN Cotton Correspondent
Cotton futures traded narrowly and indecisively between
small gains and losses and were slightly ahead in the front
two deliveries Monday. Spot May hovered up 11 points to 86.90 cents at 8:02 a.m. CDT,
around the middle of its narrow 62-point range between 86.52
and 87.14 cents on a contract volume of 2,730 lots. July traded
up 14 points to 88.71 cents and December eased off seven ticks
to 86.64 cents. The market may be marking time ahead of updated
U.S. and world supply-demand estimates on Wednesday.
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http://sweetfutures.com/2013/dtn-morning-comments-on-cotton-2/
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
