Cotton futures meandered within tight ranges and finished narrowly mixed Thursday, with the front three contracts posting small losses.
Spot May settled down eight points to 63.08 cents, in the middle of its 82-point range from up 32 points at 63.48 to down 50 points at 62.66 cents. July closed down 18 points to 63.50 cents, while December eked up four points to settle at 64.33 cents.
Volume dipped to an estimated 18,900 lots from 19,500 lots the previous session when spreads accounted for 6,485 lots or 33% and EFP 388 lots. Options volume totaled 2,219 calls and 1,655 puts.