Larger-than-expected U.S. weekly export sales lifted cotton futures to the biggest one-day gain seen in a long while this week.
Most-active July surged 253 points or 4.02 percent for the day Thursday to finish the week up 87 points to 65.45 cents, its highest close in eight sessions.
The rally carried July to a close back above its 50-day and 100-day moving averages. July had closed in the red eight of the previous 10 sessions and had posted 10 consecutive lower highs and lower lows since hitting a multi-month high of 66.70 cents on April 8.
May, where the notice ...