Cotton futures settled with modest losses near the session lows Tuesday, unable to sustain an early rally.
Benchmark December closed down 33 points to 83.69 cents, its lowest finish since Sept. 9 after trading within a 112-point range from up 73 points at 84.75 to down 39 points at 83.63 cents. March settled off 30 points to 84.15 cents.
Volume slid to an estimated 14,900 lots from 39,380 lots the previous session when spreads accounted for 13,112 lots or 33% and EFP for 212 lots. Options volume totaled 1,682 calls and 5,163 puts.
A lack of tangible signs of resolving ...