DTN Closing Cotton            11/26 14:11

   Is Cotton Tempting Fate?  

   The cotton market posted another consecutive higher closing Wednesday, 
albeit it was on holiday volume. 

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market posted another consecutive higher closing Wednesday, 
albeit it was on holiday volume. Still, in seasons past, Thanksgiving week has 
been a time for seasonal lows to be made. In addition, the market is aware of 
the record, speculative-short position and its oversold condition.

   Spot December contract is in its delivery period, but there were zero 
notices issued for Wednesday. Thus far, the total notices tendered stand at 171 
contracts. Delivery runs through Dec. 7.  

   The market will be closed Thursday in observance of Thanksgiving. There will 
be a delayed opening on Friday with trading starting at 8 a.m. EST and will 
close early at 1:30 p.m. EST.

   The 6- to 10-day forecast (Dec. 1-Dec. 5) shows much-below-normal 
temperatures across Texas and for much of the Delta, while the Southeast should 
somewhat see above-normal temperatures. Rain-wise, Texas and the northern Delta 
look to have above-normal opportunities, while the Southeast appears to have 
just a slight chance for rain.    

   For Wednesday, March 2026 closed at 64.57 cents, plus 34 points; July 
settled at 66.77 cents, up 26 points; and December 2026, ended at 67.82 cents, 
up 6 points. Wednesday's estimated volume was 35,335 contracts.

   Keith Brown can be reached at commodityconsults@gmail.com




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