Cotton futures fell to sharp nearby closing losses, trading in the red throughout the session, as intercrop differences narrowed Tuesday.
Spot May lost 145 points to close at 92.07 cents, in the lower quarter of its 141-point range from down 29 points at 93.23 to down 170 points at 91.82 cents. It closed below lows of the prior two sessions.
July settled off 105 points to 92.50 cents, just below the midpoint of its 102-point range, and December closed down a modest 13 points to 79.87 cents, near the high of its 93-point range.
Volume increased to an estimated 28,000 ...