Cotton futures settled lower Friday in choppy price action ahead of the weekend, with benchmark December backing off after nudging above highs of the prior two sessions.
December closed down 35 points to 63 cents, trading within an 86-point range from down 59 points at 62.76 to up 27 points at 63.62 cents. March closed down 45 points to 62.68 cents.
For the week, December lost 391 points or 5.8%, settling at its lowest weekly finish since Aug. 7 when it posted the contract low close. March shed 367 points or 5.5%.
Volume slowed to an estimated 16,800 lots from ...