Cotton Summary: October 18, 2017
Cotton futures prices edged lower in very dull trading session down 14 points to close at 67.63Us/lb. The market did not have the impetus to test support at 68¢, and has been trading in a 63point range for some time, a little like a ping pong match. We suspect that level will be something of a speed bump come the time. The market being unable to gather sufficient momentum to mount such a small obstacle is evidence of just how dull trading was. Market will now look to tonights US Export Sales and Shipment report, hopefully there is some excitement, otherwise you will be bound to my dull commentary for the rest of the week.