By Keith Brown DTN Cotton Correspondent 

The cotton market ended the day slightly higher as traders continue to pin their price hopes on a Chinese deal. Overnight, there was news of a very positive phone meeting between U.S. and Chinese negotiators. The results of that call indicated the two sides were very close to a phase one agreement.

December cotton remains in delivery, which has seem some 600 plus notices tendered. Ordinarily such an amount of deliveries would be considered negative for the market, but the fact they are all being stopped by one lone commercial is being seen as a positive.

Wednesday is the last trading day ahead of the Thanksgiving break, thus it is expected price and volume will be slow. For Wednesday, December cotton closed at 64.90 cents, up 0.21 cent, March ended at 65.95 cents, up 0.15 cent and December 2020 at 67.80 cents, up 0.22 cent. Wstimated volume is 25,831 contracts.