DJ MARKET TALK: Cotton Rises, But How Much Further Can It Go?

DJ MARKET TALK: Cotton Rises, But How Much Further Can It Go?

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14:58 EDT - Cotton futures advanced but gains should continue to be capped by huge global supplies, analysts say. Knight Futures' Sharon Johnson says some buy-stops were likely hit as the market moved up and traders began to square positions ahead of the long weekend. "There's nothing new with our weather, even taking Isaac into account, and nothing new in India," she adds. Tomorrow's export sales report from the USDA should provide some direction. ICE cotton for December delivery settled 1.3% higher at 76.65c/lb. in very thin trade.

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