Cotton futures ticked lower Friday, still positioned to post a small weekly gain and a monthly advance in spot December.
December hovered off 43 points at 64.07 cents at 7:59 a.m. CDT, around the low of its 77-point range from 64.82 to 64.05 cents on a contract volume of 3,230 lots. It closed last Friday at 63.81 cents and last month at 61.37 cents, its contract low settlement.
March slipped 38 points to 62.64 cents, trading within a 68-point span from 63.15 to 62.47 cents on a turnover of 1,513 lots.
In the news, Americans cut spending last month for ...