EUR/US$: 1.1205
U.S. Cotton: Futures Fade Lower on Thursday
Barchart: Cotton futures fell 12 to 104 points across most contracts on Thursday, despite a firmer crude oil market and a weaker dollar. NASS ginnings data showed 735,950 running bales ginned between October 1 and 15, bringing the season total to 1.653 million. The Seam sold 1,930 bales on October 21 at an average of 73.72 cents/lb, the Cotlook A Index rose 60 points to 91.75 cents, and ICE certificated stocks jumped 4,304 bales to 22,922. The Adjusted World Price rose 40 points to 65.01 cents/lb. Dec 26 settled at 80.79 (−104), Mar 27 at 84.48 (−72) and May 27 at 86.15 (−69).
Source: Barchart
U.S. Cotton: Winning Streak Ends as Certificated Stocks Rise and Spread Widens
Calcot – Cindy Walters: December settled at 80.79, down 104 points, ending a three-session winning streak but still up 79 points for the week and inside its 13-session range of 79.23–82.25 cents. Open interest set an eighth consecutive record at 402,264 contracts, having risen for ten straight sessions and added more than 20,000 contracts since October 6, for reasons that remain unclear. Two developments may concern bulls: certificated stocks rose for a third straight day, by a total of 7,804 bales, probably new-crop cotton, and the Dec/March spread widened to a contract-high 369 points March premium. However, with so much trading detached from traditional fundamentals, neither can clearly be blamed for the sell-off. Crude oil rose 2.4% to a contract-high close on Middle East tensions, while technology stocks pulled the Nasdaq down 2.6%. Index fund rolls begin on October 29 (Rogers) and November 6 (Goldman Sachs).
Source: Calcot
U.S. Cotton: Weekly Export Sales Rebound
USDA: Net upland sales for 2026/27 totaled 199,600 RB in the week ended October 15, up 36% from the previous week and 7% above the prior four-week average, a satisfactory result. The main buyers were Vietnam (94,500 RB), Bangladesh (34,200 RB), Turkey (33,700 RB), Pakistan (15,300 RB) and India (7,800 RB), while China cancelled 3,500 RB. Sales for 2027/28 were negligible. Upland shipments rose 40% to 196,400 RB, 27% above the four-week average, mainly to Vietnam (78,900 RB), Pakistan (26,400 RB), Turkey (18,600 RB), Bangladesh (13,900 RB) and India (11,500 RB). Pima sales were 1,900 RB and shipments 7,500 RB.
Source: USDA FAS
Brazil: Cotton Prices Fall but Stay Above Export Parity
Fibre2Fashion: Brazilian cotton prices kept falling in early October, pressured by weaker international prices, low buying interest and mills focusing on existing contracts. The CEPEA/ESALQ index fell 2.61% between September 30 and October 15 to BRL 4.0649 per pound, yet domestic prices averaged 3.9% above export parity. The dollar's 1.45% decline against the real added to market caution. In its October report, USDA raised Brazil's 2026/27 production by 2.7% to a record 4.14 million tonnes and its exports by 3.3% to 3.48 million tonnes, which would be a fourth consecutive record.
Source: Fibre2Fashion
Uzbekistan: Cotton Harvest Reaches 4.63 Million Tonnes, 103% of Plan
UzDaily: Uzbekistan had harvested 4.63 million tonnes of raw cotton by October 22, 103% of the planned target, according to the Ministry of Agriculture. Some 3.52 million tonnes were picked mechanically by nearly 3,000 cotton harvesters, putting the average mechanisation rate at 76%, ranging from 61% to 98.5% across regions, with Jizzakh (98.5%), Syrdarya (94.2%) and Tashkent (81.2%) in the lead.
Source: UzDaily
Tajikistan: Half of Planned Cotton Harvest Collected
Asia-Plus: Tajikistan had harvested just over 206,000 tonnes of raw cotton by October 17, about 52% of the 394,700-tonne target, behind last year's pace mainly because of unfavourable weather and sowing about 20 days later than usual. Cotton is grown on 164,800 hectares. Gins are buying raw cotton at 5–5.2 somoni per kilogram, well below the estimated production cost of about 13.8 somoni per kilogram at a yield of 2.4 tonnes per hectare, and the ministry sees higher yields as the main path to profitability.
Source: Asia-Plus
Global: Textile Exchange 2026 Moves from Commitments to Action
Texdata: The Textile Exchange Conference 2026 in Vancouver on October 13–15, held under the theme "The Implementation Era," brought together more than 1,300 participants and over 90 speakers. Discussions focused on resilient supply chains amid geopolitical uncertainty, realistic targets built on producer data, scaling textile-to-textile recycling and moving regenerative agriculture from individual brand projects to coordinated, landscape-level initiatives. Speakers noted that premiums for certified materials can support producer incomes but are weakened by delays and uneven distribution along the supply chain, and saw scope for closer links between the food and fiber sectors on soil health and regenerative farming.
Source: Texdata
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