Light, consolidative-type trading within tight ranges has left cotton futures with slight losses on the heels of the largest calendar week gain in 16 weeks.
Most-active March dipped 50 points from its close on Friday, Nov. 29, to settle at 78.85 cents on Thursday, Dec. 5. It stayed within the 162-point trading span established on Nov. 29 from 78 to 79.62 cents and finished midrange.
March entered December having posted the largest weekly gain, 212 points, since Aug. 16 and eked out a marginal 15-point gain for the month to register a monthly reversal from a seasonal low.
But the ...