Cotton futures fell to sharp losses Monday after the U.S. plantings report came in on the high side of trade estimates.
Benchmark December settled down 134 points to 73.51 cents, a new two-year low finish and in the lower quarter of its 177-point range from up 22 points at 75.07 to down 155 points at 73.30 cents. For the month, it lost 396 points or 5.1%.
Maturing July shed 168 points to close at 79.21 cents, its lowest finish since November and down 706 points or 8.2% for the month.
Volume totaled an estimated 18,300 lots, against a corrected 9,400 ...