DTN Closing Cotton            11/17 13:30

   Cotton Has an Agonizing Session

   Cotton endured a two-sided market today as the ICE futures wandered from 
positive to negative all session.

Keith Brown
DTN Contributing Cotton Analyst

   Cotton endured a two-sided market today as the ICE futures wandered from 
positive to negative all session. The market was still digesting the bearish 
aspect of the November WASDE. Traders are hoping that other data dumps will 
emerge offering some directional influences.

   Supposedly, the Labor Department will issue a catch-up monthly jobs report 
this Thursday. Recent private-sectors employment tabulations suggested a 
drop-off in hirings.

   December cotton will enter its delivery on Nov. 21. Thus, all traders, 
except those intending to participate in the notice process, will have to 
liquidate or roll forward in time.

   The CFTC has yet to issue any Commitment of Traders information, but as of 
this writing, may do so this Friday. The last report, Sept. 26, held a 
net-short position of 62,004 contracts.

   USDA is expected to issue weekly export sales reports. They have published a 
schedule of releases, which looks to be offering data with a one-week lag until 
January 2026.

   For Monday, December 2025 ended at 62.36 cents, off 13 points, while March 
2026 closed at 64.06 cents, minus 7 points. Monday's estimated volume was 
66,768 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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