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The USDA seven-market average spot price for upland cotton rose to 75.07 cents per pound in the week ending November 12, up 171 points from the prior week. The December ICE futures contract settled at 78.67 cents, slightly below the prior week.
Firmer US spot cotton with harvest nearing completion supports cottonseed values, though the flat futures settlement signals limited upward momentum.
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.