EUR/US$: 1.1599
U.S. Cotton: Prices Slip Friday as USDA Cuts Crop Estimate
Barchart: Cotton futures closed lower on Friday, with front-month contracts down 14 to 226 points, after USDA released a bearish batch of reports. The Crop Production report cut the U.S. yield estimate by 22 lbs to 776 lbs per acre and trimmed expected production by 410,000 bales to 13.2 million bales. The accompanying WASDE report lowered old-crop (2025/26) ending stocks by 50,000 bales to 4.15 million and cut new-crop (2026/27) carryout by 400,000 bales to 3.6 million. A separate Cotton Ginnings report showed 222,700 running bales ginned as of September 1, down 34.2% from a year earlier. December settled at 86.06 cents/lb (down 216 points), October fell 226 points to 82.38 cents, and March lost 210 points to 88.56 cents. The Adjusted World Price fell 441 points to 69.51 cents/lb, and Cotlook A added 110 points to 97.20 cents on Thursday. ICE certified stocks fell 8,789 bales to 41,626.
Source: Barchart
U.S. Cotton: Second Straight Weekly Loss as WASDE Trims World Stocks to Lowest Since 2011/12
Calcot: December cotton settled at 86.06 cents/lb on Friday, down 216 points on the day and 27 points for the week — the market's second consecutive weekly loss, a two-week decline of 532 points. Weekly volume was the heaviest of the week at 66,499 contracts, and open interest rose 1,287 contracts to 380,576. Friday's WASDE report cut world 2026/27 production by 317,000 bales to 117.315 million (from 121.945 million in 2025/26) while raising world ending stocks 172,000 bales to 69.857 million — the lowest since 2011/12; world consumption was little changed at 122.919 million bales. In China, the Zhengzhou Exchange's January contract fell 4.4%, its eighth decline in ten sessions, and a State Reserve cotton auction failed to sell out for the first time in 40 auctions, with buyers taking about 97% of the 8,003 tonnes offered. U.S. August CPI rose 0.4% (3.4% year-on-year), with core CPI up 0.3%. Crude oil fell 2.4% on the day but still gained 9.4% for the week.
Source: Calcot
U.S. Cotton: Weekly Export Sales Led by Pakistan and Vietnam (Week Ending September 3)
USDA: Net Upland cotton sales for the week ending September 3 totaled 73,900 running bales for 2026/27, led by Pakistan (19,400), Vietnam (17,500), Mexico (11,900), Bangladesh (10,500), and India (9,500, which included a 6,700-bale reduction). New-crop (2027/28) sales added 2,500 bales, all to Mexico. Exports of 177,800 bales went mainly to Vietnam, India, Pakistan, Honduras, and Mexico. Pima sales totaled 10,000 bales, led by India (6,600), Peru (1,900), Thailand (500), Bangladesh (400), and Italy (400), with exports of 5,200 bales across five destinations. Separately, new Upland exports for own account of 31,200 bales went to Vietnam and India, with an outstanding own-account balance of 72,400 bales held mainly by India, Vietnam, and Turkey.
Source: USDA
U.S. Cotton: Prices Firm Into Holiday-Shortened Week as Crop Conditions Slip
Texas A&M: December cotton settled at 88.22 cents/lb on Thursday, up 1.77 cents from the previous Thursday, as prices moved sideways before rallying into the holiday-shortened week. U.S. crop conditions slipped five points on the Good-to-Excellent scale to Fair amid scattered and insufficient rainfall across the Cotton Belt. Weekly export sales improved but remained weak, and shipments continued to run below USDA's season targets. Certified stocks kept declining, a sign of improving commercial demand, while hedge funds added 3,924 long contracts during the week.
Source: Texas A&M Cotton Marketing
Burkina Faso: New $30 Million Textile Complex Aims to Cut Clothing Imports
Ecofin Agency: President Ibrahim Traoré inaugurated the $30 million (CFA 17 billion) TEXFORCES-BF textile complex on September 9 in Bobo-Dioulasso, built on 30 hectares in the Logofourousso industrial zone. The plant will process more than 12 tonnes of cotton fiber a day and combines weaving, knitting, dyeing, finishing, and garment manufacturing under one roof, producing uniforms and civilian clothing. Annual output is targeted at 20 million meters of fabric, 6 million knitted items, 6 million uniforms, 6 million T-shirts, and 1 million pairs of socks. The project is aimed at cutting Burkina Faso's roughly CFA 18.65 billion in annual clothing imports (about 38,946 tonnes), and follows an artisanal textile center opened in November and a planned $25 million Kenyan public-private investment.
Source: Ecofin Agency
Kenya: Cotton Sector Shows Signs of Revival, but Gaps Remain
AllAfrica: Cotton and textile industry figures describe a modest revival that still falls well short of demand. Dominic Ngugi, who oversees Mpeketoni Ginnery, coordinates four cooperatives representing more than 7,000 farmers through the Lake Kenyatta cooperative. Joyce Njogu of the Kenya Association of Manufacturers said national cotton production rose from 1,300 tonnes in 2021 to 8,800 tonnes in 2025, but Kenya still grows only about 25,000 bales against roughly 200,000 bales of demand. James Njagi of TCM said yarn output has climbed from under 50 tonnes to about 100 tonnes a month, while Tejal Dodhia, who runs the 650-worker Thika Cloth Mills, and academic Dr. Concepta Sitati point to trade liberalization and secondhand clothing imports as the cause of the sector's earlier decline. Government plans — a 2024 draft National Cotton, Textile and Apparel Policy and the current Medium-Term Plan — aim to rebuild the industry, but only 15 of the country's 52 textile mills are still operating, at about 45% of capacity.
Source: AllAfrica
China: Cotton Yarn Prices Hold Steady Amid Sluggish Trade
SunSirs: Cotton yarn prices held steady this week amid sluggish trading, with 21S ring-spun yarn in Shandong unchanged at about 23,700 RMB/ton and 32S yarn flat at around 25,100 RMB/ton. Downstream mills are buying only for essential restocking ahead of the new cotton harvest, while raw cotton prices kept falling — Xinjiang 3128-grade lint dropped from 17,998.5 RMB/ton in early September to 17,660.5 RMB/ton on September 10. Falling raw-material costs have helped spinning margins recover: Xinjiang spinning margins swung from a loss of 418.29 RMB/ton on September 2 to a profit of 67.03 RMB/ton on September 10, while inland mills' losses narrowed to 1,424 RMB/ton. Demand during the traditional "Golden September, Silver October" season has fallen short of expectations, and the start of cotton options trading on the Zhengzhou Commodity Exchange has added to volatility, leaving yarn prices without a clear near-term direction.
Source: SunSirs
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