Cotton futures extended a losing streak to four in a row amid technically oriented selling in another day of heavy dealings Tuesday prior to the USDA supply-demand report.
The May contract settled down 74 points to 84.64 cents, in the lower quarter of its 148-point range from up 48 points at 85.86 cents to down 100 points at 84.64 cents. This was its lowest finish since March 27.
July closed off 65 points to 86.61 cents, trading from 87.70-86.34, and December settled off two ticks at 85.79 cents, trading 86.46-85.47.
Talk circulated of revived export inquiries and fresh business having ...