Cotton futures traded with modest losses Thursday after initially ticking slightly upward on the heels of USDA's weekly U.S. export sales-shipments report.
Benchmark December hovered off 27 points to 67.81 cents at 8:13 a.m. CDT, trading within a 72-point range from 67.52 to 68.24 cents on a contract volume of 3,347 lots.
Net upland export sales for 2014-15 rose to 371,400 running bales during the week ended July 17, a new high for the year and up from 342,900 bales the previous week. The sales went primarily to Turkey, 172,000 bales; Vietnam, 38,200; China, 30,900; and Malaysia, 26,400.
Upland commitments ...