Cotton futures finished modestly higher for the second day in a row Monday amid positioning ahead of USDA's supply-demand report.
Benchmark December closed up 19 points to 64.40 cents, its highest finish since July 29 but in the lower half of its 101-point range from down 17 points at 64.04 to up 84 points at 65.05 cents.
Volume rose to an estimated 14,700 lots from 13,694 lots the previous session when spreads accounted for 4,990 lots or 36%. Options volume totaled 2,292 calls and 3,251 puts.
Six analysts surveyed by The Wall Street Journal forecast U.S. 2014-15 production at an ...