NEW YORK, June 13 (Reuters) - U.S. cotton futures closed
mixed Monday with late investor sales pressuring new-crop
contracts while tight deliverable supplies boosted the spot
contract, analysts said.

The key December cotton contract on ICE Futures U.S.
lost 2.07 cents to close at $1.3158 per lb, dealing from
$1.3017 to $1.3496.

The spot July contract climbed 0.92 cent to settle
at $1.5095 per lb.

Total volume traded Thursday reached nearly 25,000 lots at
2:42 p.m. EDT (1842 GMT), some 40 percent above the 30-day
norm, Thomson Reuters preliminary data showed.

Mike Stevens, an independent analyst in Louisiana, said the
market seems undecided as it 'vacillated' on its next move.

Late investor sales depressed the market, as profit-taking
again hit fiber contracts once the December contract approached
the $1.35 area, dealers said.

Texas cotton farmers said some showers fell over the
weekend, but they were not enough to provide even some relief
from one of the worst dry spells in Texas over the last
century.

The weather forecast for the state calls for more dry and
hot weather through Friday, a report by forecaster Telvent DTN
said.

Traders said they will be waiting for release later on
Monday of the U.S. Agriculture Department's weekly crop
progress report to gauge the condition of Texas' cotton crop.

Tight deliverable supplies for the July contract, which
goes into delivery later this month, supported the spot month,
the dealers said.