Cotton Summary: November 23, 2017
Majority of Cotton futures contracts traded in the green Wednesday for the last trading session ahead of the Thanksgiving holiday and before first notice day for December deliveries. March ticked up 102 points closing at 71.98 cents with nearby December settling down 16 points closing out at 70.74 cents. Crude Oil prices increased overnight along with Gold, corn and soybeans. Estimated trading volume was 44,058 contracts down from the previous day of 53,607. Talk amongst traders is they are expecting to see good sales numbers again this week in the Export Sales Report.