DTN Closing Cotton            11/09 13:34

   Cotton Awaits Reports 

   Cotton trades sideways ahead of USDA report, harvest advances, exports lag.

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market seesawed much of Monday's session as traders prepare for 
fresh USDA data. Traders also weighed the high volatility of various outside 
markets, including the stock indexes and the energy complex 

   Monday at 4 p.m. EST, USDA will release its weekly Crop Progress report. 
Last week's numbers revealed that 63% of the national crop had been harvested. 
The four-year average is 54%. Texas was 61% harvested versus her five-year 
average of 46% complete.

   On Tuesday at 12 p.m. EST, USDA will issue its monthly supply-demand 
updates. Last month, the agency increased U.S. production to 13.44 million 
bales. 

   Wednesday is Veterans Day with many agencies of the federal government 
closed. However, U.S. commodities markets, including ICE Cotton, will trade a 
normal day. 

   Export sales are delayed till this Friday due to the observance of Veterans 
Day. Highlights from last week's report had net sales of 277,522 bales for the 
2026/2027 marketing year. With that, Cumulative sales have reached 51% of 
USDA's forecast versus a five-year average of 58% for this point in the 
marketing year. Shipments totaled 137,782 bales, which was a marketing-year low 
number.

   For Monday, December closed at 78.78 cents, down 33 points, March 2027 
finished at 82.60 cents, minus 19 points, and July 2027 settled at 84.55 cents, 
20 points lower. Monday's estimated volume was 104,712 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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