December Cotton hit lock limit up with an hour of trading left and finished lock limit up today:

Cotton Highlights from July WASDE Report

https://www.cottongrower.com/cotton-production/production-outlook-acreage/cotton-highlights-from-july-wasde-report-3/

The U.S. 2018/19 cotton projections show lower production, exports and stocks compared with last month.

The 1.0 million bale decrease in the crop projection (from 19.5 million bales in June to 18.5 million in July) is due to higher expected abandonment, based on current conditions. Beginning stocks are 200,000 bales lower due to an increase in 2017/18 exports. 2018/19 exports are reduced 500,000 bales based on lower supplies and increased foreign competition.

With no change in domestic consumption, 2018/19 ending stocks are projected at 4.0 million bales, down 700,000 bales from the June estimate and unchanged from the revised 2017/18 level. The midpoint of the projected range of the marketing year average price is raised 5 cents from last month, to 75 cents per pound.