Cotton futures closed marginally lower in current-crop contracts Friday as traders digested USDA supply-demand estimates featuring a slight cut in U.S. crop prospects and higher world beginning and ending stocks.
Spot December settled off 11 points to 61.61 cents, smack in the middle of its 127-point range from up 52 points at 62.24 to down 75 points at 60.97 cents. March closed down seven ticks to 61.53 cents, while December 2016 gained 18 points to finish at 62.45 cents.
For the week, spot December gained 147 points, March 157 points and December 2016 167 points.
Volume increased to an estimated ...