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Cotton futures traded with front-month gains of 5 to 10 points on Friday. USDA export sales for the week ending November 5 fell 43.31% week on week, while shipments rose 26.42%.
ICE certified stocks stood at 79,431 bales.
The move is a routine price update with no new supply or demand shock. Cotton is not among the tracked feed commodities, so the feed-price implication is minimal.
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.