Of the overall trading days this week, New York cotton futures declined for most of those days.
Particularly, market activities on September 5, were especially bearish as NY cotton futures fell below both - 65.00 cent and 64.00 cent levels, the latest report from ECom reveals.The December/March spread also saw a bit of reversal. This spread has gone from nearly 100 points of carry to a 35 point invert on September 4. This makes sense given the relative tightness in the US, the report adds.Howev