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Cotton futures traded mixed on Monday, with contracts ranging from 13 points lower to 10 points higher. Managed money reduced its net-long position by 3,042 contracts in the week to November 3, while ICE certified stocks rose by 8,551 bales to 75,725 bales.
The mixed futures action and higher certified stocks indicate no clear new supply-demand catalyst for feed markets. Cotton is not among the listed commodities, and the report provides no direct feed-commodity price signal.
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.