ICE Cotton Futures Settle Down 1.44 Cents At $1.4421 A Pound

Cotton futures on the ICE Futures U.S. exchange forDecember delivery settled down 1.44 cents or near 1% at $1.4421 a pound in aday of bouncing between a high of $1.5000 a pound and a low of $1.4355 a pound.

Mike Stevens, a cotton analyst with SFS Futures in Mandeville, La., said theprice difference between the March contract and the December contract causedmuch of the move, with traders rolling out of the December contract and intothe lower-priced March contract. The March contract settled off 1.93 cents or1% at $1.3918 a pound Thursday.