Cotton futures posted triple-digit old-crop gains Tuesday amid talk that any deliveries on the May contract could be light in view of the widened differences and its dwindling open interest.
Most-active July hovered up 113 points to 93.34 cents at 7:56 a.m. CDT, trading within a 133-point range from 92.15 to 93.48 cents on a contract volume of 3,344 lots.
May, where first notice day arrives Thursday, gained 112 points to 90.81 cents. Its widened discounts to July coming into the session were also viewed as raising the possibility of some takers for any deliveries.
December rose 19 points to ...