Cotton futures eked out small closing gains in nearby deliveries and posted larger gains in new-crop contracts Tuesday.
Spot March closed up five points at 83.73 cents, just below the midpoint of its 97-point range from up 63 points at 84.31 to down 34 points at 83.34. It closed within 21 points of where it opened Monday night and had established the range for the day by about 7:40 a.m. CST.
The May contract edged up seven points to 84.02 cents, July gained 28 points to 84.02 cents and December advanced 66 points to 79.02 cents.
Volume slowed to an ...