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Zhengzhou Commodity Exchange cotton futures edged lower on November 9. The January contract closed down 10 yuan per tonne at 15,375 yuan, while the May contract fell 5 yuan to 15,100 yuan.
The report gives no new supply or demand driver and describes only a modest futures decline. It does not establish a direct price implication for the listed feed commodities.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.