Cotton futures tumbled to sharp losses and closed near the lows Wednesday, with spot March off the most at a three-session low finish.
March lost 153 points to close at 83.14 cents, trading from unchanged at 84.67 to down 165 points at 83.02 cents. This was its biggest one-day loss since Oct. 24.
Negative implications associated with the failure again to hold above 85 cents on Tuesday on the fifth probe there in seven sessions may have contributed to snapping two straight days of higher closes.
The May contract shed 141 points to 83.22 cents, July dropped 120 points to ...