Cotton futures rose on Friday as commodities markets were broadly higher and the cash market remained subdued. "The market moved rather quietly within yesterday's range on lighter volume," said INTL FC Stone Senior Risk Management Consultant Andy Ryan. "Outside markets were also on the quiet side." Cotton contracts for July settled up 0.6 cent, nearly 1 percent, at 61.67 cents per lb. It traded within a range of 61.07 and 62.07 cents a lb. Total futures market volume fell by 10,342 to 16,611 lot
Cotton futures rose on Monday for their biggest one-day gain in two weeks, as investors stepped in to pick up bargains after prices hit four-week lows last week and spurred by a broader gains across commodities. Prices were under pressure last week, testing critical support around 60 cents after the US Department of Agriculture last week forecast a bigger oversupply in the upcoming season.
"The old crop July contract is fighting to hold that level," said Mississippi State University Professor
