Cotton futures fell to a new contract low and low close in benchmark December for the second straight session Friday, extending a weekly losing streak to seven in a row.
December closed off 70 points to 65.35 cents, below the midpoint of its 192-point range from up 40 points at 66.45 to down 152 points at 64.53 cents. It lost 239 points for the week.
Spot October shed 124 points to close at 65.16 cents, settling at a discount to December for the first time since July 8, and March finished down 95 points to 66.03 cents.
Volume slowed to ...