• NY futures remained very volatile during the month of November.

• NY December option expired and lead month was March. NY December got high of 121 cents and NY March got high of 117 cents during the month. On last day of the month market collapsed limit down and ultimately NY December closed the month at 111.65 cents and NY March closed the month at 106.41 cents.

• US Export sale was not impressive during this month due to higher rate. Shipment also remained very sluggish during this month.

• China is going to close reserve cotton auction from 1^st of December as rate on ICE also calm down on last day of month.

• All future markets collapsed on 30^th November due to fear of spread of omicron virus and also taper came early with comment by fed chairman.

• MCX November future recorded high of 33,800 and remained high for some time and closed at 31,620.

• Gujcot spot rate remain firm from the start of month with some India government intervention price halted for some time but due to disparity and firm sentiment of farmers price was well supported.

• India rupee remained weak between 74 to 75 Rs/USD.

• NY future has given opportunity to basis players.

• As Indian cotton became competitive Indian exporters were active for November and December shipment.

Praying to save all of us from omicron and hoping for earning coming month.