Cotton futures traded on both sides of the market but eventually settled lower for the week.

• May futures continued last week’s descent, closing at 92.21 cents per pound and finishing 127 points lower.

• In February, approximately 45% of China’s cotton imports came from Brazil, and 35% came from the U.S.

• Since the market reached 90 cents per pound a few weeks ago, there has been a divergence between current crop futures and cash prices for most qualities.

• Daily volume traded was lower o…