Cotton futures fell to steep closing losses Monday as benchmark December posted its fifth new low finish for the move in a row.
December settled down 185 points to 70.21 cents, in the lower quarter of its 206-point trading range after opening unchanged at 72.06 cents and falling to 70 cents. It closed 196 points from its contract low.
Perceptions of favorable crop conditions and sluggish demand along with weak technical factors have continued to weigh on sentiment.
Volume rose to an estimated 18,500 lots from 12,053 lots the previous session when spreads totaled 2,661 lots or 22%, EFP 79 ...