Cotton futures continued to trade in the red in most-active May Monday after spending the overnight session on the minus side.
May hovered off 68 points to 64.25 cents at 7:52 a.m. CST, trading within a 71-point range from 64.71 to 64 cents on a contract volume of 2,519 lots. It remained within the prior-session trading band.
Maturing March was untraded, July dropped 72 points to 64.50 cents and December fell 82 points to 65.03 cents.
In the news, U.S. consumer spending fell in January, a sign of caution among American households despite lower gasoline prices and steady hiring, Dow ...