Thin conditions during the delivery process has the Dec contract down by 3 cents, and back to below Dec ’24. There have been 814 deliveries issued vs Dec cotton so far. The active futures are trading 30 points weaker on Friday morning. The front month cotton market ended with 44 to 81 points stronger on Thursday. New crop Dec was 25 points higher at the close. March cotton ended the month of November with a 345 point loss to follow October’s 441 point loss. The Dec/Dec spread ended the Thursday session 177 points inverse. 

The weekly Export Sales report showed 217,662 RBs of cotton was booked during the week that ended 11/23. That was a 5-wk low, with Vietnam listed as the top buyer. USDA had 88,846 RBs shipped during the week, for a season total of 2.32 million RBs. Total cotton commitments reached 7.8 million RBs, compared to 8.7m at the same time last year. 

The Cotlook A Index for 11/29 was 25 points stronger to 89.70 cents. The Seam reported another 5k bales were sold on 11/29, with a 74.96 cent/lb average price. The AWP was 105 points stronger to 64.18 cents/lb. ICE certified stocks stand at 87,769 bales.  

Mar 24 Cotton  closed at 80.06, up 47 points, currently down 30 points

May 24 Cotton  closed at 80.7, up 47 points, currently down 29 points

Jul 24 Cotton  closed at 81.28, up 44 points, currently down 31 points