Cotton futures settled with slight old-crop losses after an early surge on much higher-than-expected U.S. weekly export sales faded.
Spot March closed off 12 points to 87.21 cents, in the lower half of its 170-point range from a three-session low at 86.49 cents to 88.19 cents, four ticks above Thursday's high.
March shot to the high in a heartbeat when USDA released the weekly export sales data and spent the rest of the day chopping back and forth. It ticked last at 87.01 cents.
The May contract also settled off 12 points, closing at 87.49 cents, while July dipped 13 ...