EUR/US$: 1.1652
U.S. Cotton: Bulls Push Prices Higher on Wednesday
Barchart: Cotton futures posted gains of 5 to 109 points across most contracts on Wednesday, with Oct 26 closing at 83.73 (+109), Dec 26 at 87.28 (+96) and Mar 27 at 89.65 (+94). Crude oil extended its rally. Weekly Crop Progress data showed condition ratings unchanged at 34% good/excellent, down 5 points on the week; the Brugler500 index fell another 6 points to 298, with the Texas reading down 8 points to 252. The Cotlook A index was again unchanged at 96.00, ICE certified stocks were flat at 54,414 bales, and the Adjusted World Price held at 73.92 cents/lb.
Source: Barchart
U.S. Cotton: Five-Session Losing Streak Snapped as Open Interest Hits Multi-Year High
Calcot: Cotton futures snapped their five-session losing streak on Wednesday, with Dec-26 settling 96 points higher at 87.28 — its best close in four sessions — while most other months added 5 to 109 points. Open interest jumped 1,820 contracts to 380,405, the seventh-highest level on record and the first increase in five sessions, leaving analysts unsure whether it reflects fresh buying or short-covering. Crude oil surged 3.2% to a new contract high of $96.05 a barrel — its seventh straight higher close and a near-30% gain since early August — as the U.S.-Iran conflict continued to unsettle energy markets and weigh on stocks. China's ZCE cotton futures fell for a fifth time in six sessions, down 2.5%, even as China's State Reserve logged its 38th consecutive sold-out auction, selling 8,007 tonnes for a 38-day total of 304,743 tonnes. Traders are now looking to Friday's USDA World Supply/Demand Report.
Source: Calcot
Bangladesh: Private US Cotton Warehouse to Cut Import Delays
TBS News: AmeriBangla Corporation is opening Bangladesh's first private US cotton warehouse on November 18 in Anwara, near Chattogram's Free Trade Zone, with about 100 tonnes already shipped from US ports. The facility lets local mills buy stock on demand instead of waiting roughly 90 days for individual shipments, and is expected to undercut prices through traditional import channels by about 10 cents/lb; US cotton currently costs around 85 cents/lb delivered to Chattogram. Bangladesh imported $346 million of US cotton in FY25, up from $278 million in FY24 and about 10% of its total cotton imports, with industry estimates suggesting volumes could reach $2 billion under favorable trade terms. Bangladesh Textile Mills Association president Showkat Aziz Russell said local warehousing "gives us a major lead-time advantage, and reduces price volatility."
Source: TBS News
India: Cotton Prices Firm on Tight Supplies, Lower Crop Outlook
Investing.com: Indian cotton prices have strengthened sharply, with Shankar-6 seed cotton up 15% over the past month and 26% year-on-year, while domestic lint prices rose 8% to about 92 cents/lb. USDA now sees 2026/27 production at 24.5 million bales (5.3 million tonnes), down 3% from its prior estimate, with yields seen falling 2% to 464 kg/hectare on below-normal rainfall risk in rainfed growing regions of western and central India; acreage was down 2% at 10.354 million hectares as of July 31. Mill consumption is forecast at 26.2 million bales, supported by stronger textile and apparel export demand, while cotton yarn exports rose 9% year-on-year over August-June and imports surged 72% as mills cover tight domestic supply. The government has temporarily waived the 11% import duty on raw cotton through October 31 to ease the shortage.
Source: Investing.com
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