Cotton futures settled slightly ahead in benchmark December Thursday, rallying after falling below the previous-session low on the heels of a USDA report showing slower U.S. weekly export sales.
The December contract closed up 24 points to 91.79 cents, just off the high of its 127-point range from up 30 points at 91.85 to down 97 points at 90.58 cents. It was narrowly a new high close for the move.
March eked out a one-point closing gain to 88.96 cents, while deferred contracts settled with slight losses.
Volume slowed to an estimated 15,200 lots from 20,959 lots the previous session ...