Cotton futures settled sharply lower Tuesday amid ongoing strength in the dollar index, beneficial rains in India and extended declines in Chinese cotton prices.
Benchmark December lost 126 points to close at 65.31 cents, its lowest finish since Aug. 19 and in the lower quarter of its 131-point range from down 21 points at 66.36 to down 152 points at 65.05 cents. It held above last week's low of 65.01 cents but sustained its largest one-day closing loss since July 24.
December inverted to a three-point premium over March after settling Friday at a 44-point discount.
Volume quickened to an ...