December Futures Reached Highest Level in a Year Before Turning Lower to Finish the Week

• Crude Oil Prices Reached Highest Level in 2023

• Delayed U.S. Export Sales Report Held Higher than Expected Demand for U.S. Cotton

• Crop Conditions Basically Unchanged from Week Prior

The holiday-shortened trade week did not lack action. On Friday, December futures continued to move higher, briefly touching 90 cents per pound, before eventually settling at 89.95 cents per pound. This is the highes…