DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Tue May 7, 2013 03:02 PM CDT

Cotton futures set the range for the session in the wee hours of overnight dealings and traded warily to a slightly mixed close Tuesday.

Benchmark July closed down a modest 24 points to 87.15 cents, near the high of its 193-point range from up six points at 87.45 to down 187 points at 85.52 cents.

Maturing May, facing its last trading day on Wednesday, settled up 70 points to 86.01 cents, while new-crop December eked out a two-point gain to close at 85.97 cents.

Volume increased to an estimated 18,400 lots from 13,429 lots the previous session when spreads accounted ...

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