EUR/US$: 1.1411
U.S. Cotton: Prices Firm Late on Wednesday
Barchart: Cotton futures edged 2 to 36 points higher across most contracts on Wednesday, while thinly traded October fell 78 points ahead of first notice day. Dec26 settled at 82.89 cents (+2 points), Mar27 at 85.65 cents (+8) and Oct26 at 78.91 cents. Crude oil rose about 1.8% and the dollar index gained. The Cotlook A Index jumped 230 points to 93.65 on Tuesday, The Seam sold 2,859 bales on September 22 at an average of 79.69 cents/lb, ICE certified stocks slipped 37 bales to 29,556, and the Adjusted World Price stayed at 68.92 cents/lb pending Thursday's update.
Source: Barchart
U.S. Cotton: An Indecisive Market Waits on Xi's Visit
Calcot (Cindy Walters): December settled at 82.89 cents, virtually unchanged, on the lightest volume since the end of July — 35,528 contracts — with a second consecutive inside day and a close near mid-range, the picture of an undecided market. Open interest remains the puzzle: it opened the session at 384,016 contracts, the third-highest in the market's history, and the reason behind it has yet to be explained. Traders are waiting on Chinese President Xi's visit — Trump greeted him at Joint Base Andrews on Wednesday ahead of Thursday's state dinner — in the hope that negotiations bring China back as a substantial buyer of U.S. cotton. Meanwhile, the 10-year Treasury yield pushed above 5% to a 19-year high after a stronger-than-expected PMI report revived expectations of another Fed hike, the dollar index gained half a percent for its tenth higher close in twelve sessions (up nearly 2.4% over that stretch), and U.S. equities fell across the board as crude rose 1.8% on the lack of progress in U.S.-Iran talks. December has been wrestling with its 100-day moving average, closing above it for three sessions despite dipping below it intraday in each of the last five. China's State Reserve sold its entire 8,010-tonne offering at the 49th auction, the 43rd sell-out, lifting cumulative sales to about 1.72 million bales.
Source: Calcot
U.S./Africa: Trans-Atlantic Cotton Partnership Links U.S. Fibre to African Garment Makers
PR Newswire: The U.S.-Africa Trade Desk has announced a trans-Atlantic cotton partnership with the governments of Mauritius, Lesotho and Kenya, under which traceable U.S.-grown cotton will ship directly to African manufacturers and return to the American market as finished garments. The scheme is built around traceability from the U.S. farm to the African factory and a demand-driven model matching U.S. suppliers with African buyers. Lesotho's prime minister, Sam Matekane, described it as an opportunity to build something larger than a cotton trading arrangement, while Kenya's cabinet secretary, Lee Kinyanjui, called integrated cotton, textile and apparel value chains essential to Africa's industrialisation and export growth.
Source: PR Newswire
India: Arrivals Rise but Buyers Hold Back as Prices Soften
Economic Times: Daily raw cotton arrivals from the 2026 kharif crop have climbed to about 30,000 bales of 170 kg across the main producing regions — roughly 8,000 a day from north India, 5,000 from Madhya Pradesh and about 4,000 each from Karnataka, Andhra Pradesh and Gujarat — with Maharashtra's Khandesh belt now starting and the flow expected to intensify from early October. Buying, however, has not kept pace: Atul S Ganatra of the Radhalakshmi Group links the caution to a weak yarn market, soft yarn export demand and ICE futures sliding from 93 to 83 cents/lb, while sourcing agent Ramanuj Das Boob says buyers prefer to wait and watch. Spot prices are easing but remain historically high, at ₹9,300-9,500 per quintal in Raichur and ₹9,200-9,500 in Adoni, with Maharashtra lower at about ₹8,600 on higher moisture. The Cotton Corporation of India cut auction prices by ₹1,600 per candy of 356 kg to about ₹67,000, but the response has been muted and even resellers are struggling to move stock; 2025/26 crop values have eased from above ₹70,000 per candy a few weeks ago to ₹66,500-67,500, with new crop offered at ₹66,000-67,000. Planted area stood at 109.61 lakh hectares on September 18, slightly below last year's 110.60 lakh, with gains in Telangana, Gujarat and Madhya Pradesh offsetting declines elsewhere.
Source: Economic Times
Angola: Brazilian Expertise Sought to Revive a Collapsed Cotton Sector
Ecofin Agency: Angola produced just 3,300 tonnes of seed cotton in 2024 on 5,836 hectares, a fraction of the 100,000-tonne annual target set out in its 2014 revival plan. A delegation from the Ministry of Industry and Commerce and the Development Bank of Angola travelled to Brasília to meet the Brazilian cotton producers' association ABRAPA and visit Brazil's reference centre for cotton analysis, looking at investment, technology, production methods, market access and quality control. The mission follows Angola's decision in May 2026 to allow genetically modified cotton and castor seed after more than two decades of restrictions. Brazil, which produces about 4 million tonnes a year and is the world's largest exporter, planted genetically modified seed on 99% of its cotton area in 2024/25.
Source: Ecofin Agency
The article summaries were generated using ΑΙ.