Cotton futures settled with a modest gain in benchmark December in slow dealings Monday, snapping a string of nine consecutive lower closes.
December, which had closed higher only once in the previous 13 sessions, finished up 18 points to 68.30 cents, near the middle of its 107-point range from down 29 points at 67.83 cents to up 78 points at 68.90 cents. It traded inside Friday's 200-point range.
Volume slowed to an electronically estimated 12,400 lots from 26,332 lots the previous session when spreads totaled 6,099 lots or 23% and EFP 33 lots.
For the first time since the introduction ...