EUR/US$: 1.1616
U.S. Cotton: Bulls Get Boost From Outside Markets
Barchart: Cotton futures got spillover strength from outside markets on Thursday, with contracts up 40 to 101 points at the close; crude oil rallied further and the dollar index firmed. Oct 26 closed at 84.64 (+91), Dec 26 at 88.22 (+94) and Mar 27 at 90.66 (+101). The Cotlook A index rose 10 points on Wednesday to 96.10, ICE certified stocks rose 3,999 bales to 50,415, and the Adjusted World Price fell back 441 points to 69.51 cents/lb. Weekly export sales data is delayed to Friday because of Monday's holiday.
Source: Barchart
U.S. Cotton: Board Turns Higher for Second Session as Crude Oil Spikes
Calcot: Cotton futures settled higher across the board for the first time since August 31, with Dec-26 up 94 points to 88.22 — a second straight higher close after five lower ones, though the seven-session net is still a loss of 492 points, leaving bears with the short-term edge even as the longer-term trend stays bullish. Crude oil remained the dominant story, setting fresh contract highs and closing at $102.48 a barrel, up 6.7%, its eighth consecutive higher close, as intensified attacks near the Strait of Hormuz stoked fears of wider Middle East supply disruption; August producer prices also rose 0.4%, keeping inflation in focus. China's ZCE cotton futures fell for a sixth time in seven sessions, down 3.3%, even as China's State Reserve logged its 39th consecutive sold-out auction, selling 8,009 tonnes for a 39-day total of 312,752 tonnes. Friday brings a heavy data slate: the delayed weekly export report, August CPI, and the USDA's World Supply/Demand Report and U.S. production estimates at noon.
Source: Calcot
Brazil: Cotton Exports Set to Top 2 Million Tons in 2026
Revista Cultivar: Brazil's cotton exports are on pace to top 2 million tons in 2026, with shipments in the first eight months of the year running 22% ahead of the same period in 2025.
Source: Revista Cultivar
U.S. Cotton: USDA Pilots Satellite and AI Tools to Modernize Crop Reports
Farm Progress: USDA has launched a data-modernization pilot to improve the accuracy of its crop reports, testing satellite imagery, geospatial tools, crop models, AI and machine learning to sharpen acreage and yield estimates — technology meant to complement, not replace, traditional farmer surveys. The plan includes ground-truthing yield numbers through hybrid methods and moving surveys online with pre-populated data to cut paperwork for producers. Agriculture Secretary Brooke Rollins announced the program at the Farm Progress Show; undersecretary Scott Hutchins called improving response rates "crucial," and listening sessions with producers are planned for the fall, with results expected by the end of the administration's term.
Source: Farm Progress
Pakistan: Cotton Spot Rate Edges Higher Amid Tight, Thin Trading
Brecorder: Pakistan's Karachi Cotton Association Spot Rate Committee raised its rate by Rs 100 to Rs 19,300 per maund, with an analyst describing the local market as tight and trading volumes as low. Regional ranges were Rs 19,300-19,500/maund in Sindh, Rs 19,500-19,600 in Punjab and Rs 19,400-19,500 in Balochistan, with seed cotton (phutti) trading between roughly Rs 8,700 and 9,800 per 40kg across the three provinces.
Source: Business Recorder
India: Cotton Sector Eyes Global Price Leadership Through Supply-Chain Reform
TextileTradeBuddy: India, which accounts for about 38% of global cotton acreage, is pushing supply-chain reforms aimed at shifting from raw-material supplier to price setter in the global market. The Cotton Corporation of India is promoting high-density planting to lift per-acre yields, tighter control of contamination to protect the fiber's reputation, and real-time procurement analytics tied to centralized market intelligence, arguing that better data and transparency would let Indian stakeholders "dictate international trading terms" rather than simply react to them. The core challenge remains a persistent yield gap with competitors that continues to erode the returns from India's large cotton acreage.
Source: TextileTradeBuddy
Pakistan: Ginning Industry Warns of Deepening Textile Crisis
Dawn: A letter published in Dawn warns that Pakistan's textile sector is under mounting strain from a sharp decline in domestic cotton production, compounded by sharply higher costs for seed, fertiliser, pesticide and electricity that are making cultivation less profitable and discouraging planting. Ginning factories, squeezed by outdated technology, rising costs and volatile prices, have been cutting staff and wages, and the author cautions that the fallout will ultimately reach consumers through higher textile prices, fewer jobs and slower growth unless the government moves quickly to support farmers and modernise the ginning industry.
Source: Dawn
Turkmenistan: Cotton Harvest Begins Nationwide, Targeting 1.25 Million Tons
Takyk: Turkmenistan has formally opened its 2026 cotton harvest across all five velayats, with regional targets totalling roughly 1.25 million tonnes from about 580,000 hectares: 280,000 tonnes from Ahal (135,000 ha), 275,000 from Dashoguz (140,000 ha), 320,000 from Lebap (130,000 ha), 359,000 from Mary (162,000 ha) and 16,000 from Balkan (13,000 ha). Each region mobilized modern cotton pickers, processing plants, collection centers and trucks for the campaign, with opening ceremonies marking the start of harvesting in every velayat.
Source: Takyk
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