
Cotton futures posted gains of 4 to 27 points in the front months on Friday, with December down 33 points on the week. USDA export sales showed 157,326 running bales sold in the week ending November 5, down 43% week on week, while shipments rose 26% to 171,424 bales.
Cotton is a source of cottonseed meal and whole cottonseed for feed, so routine cotton price moves give only a weak signal for feed supply. Soft sales and firm shipments leave the cotton market roughly balanced, with little direct effect on feed prices.
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.