Cotton futures, stuck in a steep downtrend, extended a losing streak to 11 sessions in a row and four consecutive weeks Friday.
Spot December closed off 60 points to 76.58 cents, just off the low of its 109-point range from up 45 points to 77.63 cents to down 64 points to 76.54 cents. March settled down 50 points to 78.70 cents.
For the week, December fell 250 points and March dropped 189 points. December closed down 11.20 cents or 12.8% from its October high.
Volume slipped to an estimated 25,900 lots from 39,513 lots the previous session when spreads totaled ...