15:15 EDT - Cotton futures unraveled after the USDA released a bearish monthly supply/demand report, analysts say, citing weaker demand and higher global production. "The adjustments in global figures confirmed the expectations for an over supplied market in 2012-13 and increased concerns about falling cotton demand in China," Rabobank says in a note. "We continue to anticipate the anaemic demand and large oversupply to weigh on prices in the next quarter." ICE cotton for Dec delivery settled 2.1% lower at 73.33c/lb., a low since Aug 17.
DJ MARKET TALK: Cotton Slides to Near 1-Month Low After Report
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