Cotton futures traded lower in brisk early dealings Friday, poised to give back last week's gain in benchmark December and posting triple-digit losses in other 2014-15 contracts.
December hovered off 75 points to 64.29 cents at 7:10 a.m. CDT, trading within an 84-point range from 65.12 to 64.28 cents on a contract volume of 4,084 lots. March fell 113 points to 63.83 cents.
Heavy rains, persistent overcast skies and cool temperatures have aroused concerns about the adverse impact on boll development and fiber maturation in irrigated cotton on the Texas High Plains.
Temperatures have tested record date lows for maximums ...