The July cotton contract on ICE Futures US settled up 0.04 percent at 79.39 cents per lb, after touching the highest since March 16 at 79.74 earlier in the session. "The market is waiting to see sales tomorrow morning before it will move again," said Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi. The weekly US export sales data will be released by the US Department of Agriculture on Thursday.
The July cotton contract on ICE Futures US settled up 0.03 cent, or 0.04 percent, at 79.39 cents per lb. It traded within a range of 78.71 and 79.74 cents a lb. Total futures market volume rose by 3,243 to 24,020 lots. Data showed total open interest rose 2,744 contracts to 247,883 in the previous session.