It traded within a range of 59.63 and 60.7 cents a lb. "Trend of the market is down - we have a huge crop in the US and India, we have no trade deal, we don't have the legislation to replace NAFTA - all those are negative to the market," said Keith Brown, principal at cotton brokers Keith Brown and Co in Moultrie, Georgia. Cotton prices have slipped nearly 18% so far this year due to the drawn-out tariff war between the natural fibre's top consumer China and one of the top producers - the United States. Total futures market volume fell by 7,983 to 11,804 lots. Data showed total open interest fell 66 to 233,725 contracts in the previous session.
It traded within a range of 59.63 and 60.7 cents a lb. "Trend of the market is down - we have a huge crop in the US and India, we have no trade deal, we don't have the legislation to replace NAFTA - all those are negative to the market," said Keith Brown, principal at cotton brokers Keith Brown and Co in Moultrie, Georgia. Cotton prices have slipped nearly 18% so far this year due to the drawn-out tariff war between the natural fibre's top consumer China and one of the top producers - the United States. Total futures market volume fell by 7,983 to 11,804 lots. Data showed total open interest fell 66 to 233,725 contracts in the previous session.