Cotton futures fell sharply during the holiday-shortened trade week but managed to recoup most of the losses

The May contract reached a life-of-contract high on Friday after a busy week of trading.March futures were active as traders were clearing up or rolling positions forward leading up to the contract’s First Notice Day on Friday.China returned to the marketplace this week, but the anticipated buying proved to be disappointing.May futures settled at 94.46 cents per pound, do...