Cotton futures closed with strong gains Monday, snapping a three-day losing streak that had reached a 10-session intraday low on Friday.
Spot March closed up 109 points to 83.68 cents, in the upper half of its 185-point range from up three points at 82.62 to up 188 points at 84.47 cents. Fresh business over the weekend and mill fixations below 83 cents may have contributed support.
The May contract gained 121 points to close at 83.95 cents, July rose 127 points to 83.74 cents and December gained 91 points to 78.36 cents.
Volume slipped to an estimated at 28,800 lots ...