Market Movement from 24th Nov 2025 to 29th Nov 2025.
• NY Mar futures closed at 64.71 cents on 28-Nov, up 0.86 cents week-on-week from 63.85 cents on 21-Nov, but down 2.02 cents month-on-month from 66.73 cents on 31-Oct.
Cotton continues to get hammered. Or call it by any name you wish. The impact of the government shutdown continues, as now in the third week of November, USDA finally released its export report for mid-October. They will catch up, but very slowly. Nevertheless, the reports are revealing nothing that the market had not previously told us—very little export demand even at fire sale prices. There will be no surprises in the historical data.
• The ripple effects of the government reopening are still working through the system. Even with the Thanksgiving holiday shortening the week, it will be busy on the data front. Cotton On-Call will continue daily releases until fully caught up, and both CFTC’s Commitments of Traders and the Export Sales report will remain on delayed schedules. USDA also announced that October and November data will be released on December 9, timed closely with the WASDE.
Market Movement from 17th Nov 2025 to 22nd Nov 2025.
• NY Dec settled at 62.49 on 14-Nov and 61.35 on 21-Nov, posting a W/W loss of 1.14 cents. The contract had its First Notice Day today, and trading has now shifted to the next month. NY Mar closed at 64.13 on 14-Nov and 63.85 on 21-Nov, recording an W/W loss of 0.28 cents.