DTN Closing Cotton            11/10 13:26

   Cotton Closes Higher Monday 

   The cotton market was higher Monday, positively influenced by certain 
surrounding markets. 

Keith Brown
DTN Contributing Cotton Analyst

   The cotton market was somewhat higher Monday, as it was positively 
influenced by certain surrounding markets. The metals, the grains, the 
livestock contracts and the financials all rallied based on the notion (and 
hope) that the government shutdown would soon end.

   There is a procedural measure introduced in the U.S. Senate to end the 
shutdown. Eight Democratic senators broke with party leadership to support the 
deal. The bill would reopen the government into January and reverse some of the 
recent mass federal layoffs. It also includes future protections for government 
workers. The agreement does not include an extension of Obamacare credits, a 
key sticking point for most Democrats, but it would call for a vote on the 
subsidies in December.

   USDA has announced it will release an updated crop report on Nov. 14, even 
in the face of a continued government shutdown. On the last published WASDE, 
prior to the shutdown, USDA had increased the US 2025 cotton crop to 13.22 
million bales versus the previous 13.21 million bales.

   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 possibility of a hard freeze in the Deep South might damage some late 
cotton. Temperatures across South Georgia are expected to hit 26 degrees.

   For Monday, December 2025 ended at 64.31 cents, up 70 points, while March 
2026 closed at 65.80 cents, plus 65 points. Monday's estimated volume was 
117,185 contracts.

   Keith Brown can be reached at [email protected]




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