Trapped between scale-down trade buying and light overhead selling, cotton futures have rambled quietly to a virtual weekly standstill.
Benchmark December edged up 29 points in light trading to close the week ended Thursday at 60.60 cents. The rally high at midweek (61.57) stalled eight points shy of the 18-day moving average and the low (59.78) held eight points above the contract low.
December closed September with losses of 256 points or 4.1 percent for the month and 707 points or 11 percent for the quarter.
Cash grower sales rose for the week to 3,255 bales from 1,379 bales on ...