Cotton futures closed higher on heavy volume Wednesday, snapping a four-session losing streak, after supply-demand estimates left the U.S. carryout unchanged, as expected, and reduced world stocks outside China.
Most-active May settled up 73 points to 85.37 cents, in the lower half of its 189-point range from unchanged at 84.64 to 86.53 cents. July closed up 87 points to 87.48 cents and December up 78 points to 86.57 cents, both settling a few points below midrange.
The market posted the session highs ahead of the supply-demand report amid continued talk of revived export demand.
Volume climbed to an estimated 52,600 ...