Cotton futures fell for a fourth straight session on Monday to the lowest since June 2009, as worries over demand in the world's top consumer China sparked selling early in the session and stop-loss orders exaggerated the day's declines. "Fundamentals are heavy enough that key technical support was taken out and sell stops were activated," said Michael McDougall, director of commodities for Societe Generale in New York.
China said on Monday it expects to lay off 1.8 million workers in the co
Cotton futures stemmed a four-day losing streak on Thursday, rising off the lowest level in 6-1/2 years as investors covered bearish bets. "(Cotton is) oversold on many different levels," helping to prompt a short-covering rally, said Lou Barbera of ICAP Cotton. Traders took stock of acreage forecasts from the USDA, which projected all-cotton plantings at 9.4 million acres in the country in 2016, compared to 8.6 million acres in 2015. The forecast was broadly in line with expectations for an inc
