Cotton futures settled near session lows Monday as expectations for a resumption of sales from China's reserve stocks continued to weigh on sentiment.
Most-active March closed off 49 points to 77.71 cents, trading within a 66-point span from 77.63 to 78.29 cents to complete an inside-range day for the second straight session. December closed off 75 points at 76.37 cents, its lowest finish since Nov. 5, trading from 77.24 to 76.30 cents.
Traders continued to await information on such issues as price and quantity that would be involved in Chinese stockpile sales.
Volume slowed to an estimated 17,000 lots from ...