points on the day, leaving Dec with a net 230 point loss for the week. Weekly Commitment of Traders data is delayed until Monday given the Veteran’s Day government holiday.

NOAA’s 7-day QPF has heavy rainfall totals for the Gulf coast, with as much as 4” accumulated in the forecast for Southern LA, MS, and AL. 

USDA raised the national average cotton yield by 16 lbs/acre to 783. That lifted production by 270k bales to 13.09 million. Domestic use was also cut by 100k bales, lifting stocks by 400k vs. October to 3.2 million bales. Global numbers saw an 860k bale increase to 113.5 million. World Carryout was 1.58 million bales looser at 81.5 million. 

The Weekly Cotton Market Review showed 6,165 bales were sold at spot this week, averaging 72.25 cents/lb. The Cotlook A Index was 165 points lower on 11/9 to 87.55 cents/lb. The new AWP for cotton is 64.62 cents/lb, down by 3.49 cents from last week. ICE Certified Stocks were 83,652 bales on 11/8. 

Dec 23 Cotton  closed at 77.32, up 80 points,

Mar 24 Cotton  closed at 79.5, up 29 points,

May 24 Cotton  closed at 80.28, up 15 points