Cotton futures settled in the red Thursday after surging abruptly to a triple-digit gain just shy of the previous-session high.
Spot March settled down 33 points to 82.81 cents, its lowest close since Dec. 23 and just off the low of its 190-point range from up 149 points at 84.63 to down 41 points at 82.73 cents.
March found a vacuum of selling on its sudden burst to the high until it reached about the 84.50 area where trade selling capped the rally. It held on the downswing just above Monday's low.
The May and July contracts both fell 41 ...