Market Movement from 27th Oct 2025 to 01st Nov 2025.

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• NY Futures experienced a positive trend this week, supported by encouraging developments from the Trump–Xi meeting regarding U.S. agricultural products.
• NY December closed at 65.54 cents on 31-Oct, up 1.34 cents from 64.20 on 24-Oct, marking a week-on-week gain. Compared to 65.77 on 30-Sep, the contract shows a month-on-month loss of 0.23 cents.
• As the option expiry approaches, a rollover of funds is expected. With the notice period set to begin in about three weeks, open interest in the lead month December contract will start shifting to March. However, there is still no significant movement observed on either side.
• Due to the government shutdown, there has been no reporting from the U.S.D.A. regarding exports or the WASDE report.
• This week, Gujcot Spot Rate opened on Monday at ₹52,600 and showed a steady upward trend through the week, rising to ₹52,800 on Tuesday, ₹52,950 on Wednesday, and ₹53,100 on Thursday. The market remained firm on Friday with a slight dip to ₹53,050, and on Saturday it stood at ₹53,050. Overall, the week reflected a positive tone with consistent price improvement, supported by steady mill buying and limited arrival pressure.
• In India, Cyclone Mantha in the Bay of Bengal and another depression in the Arabian Sea have caused heavy rainfall across all major cotton-growing regions. This has not only disrupted the arrivals but also resulted in significant losses for farmers.
• At present, due to the wet condition of Kapas, there is negligible MSP procurement. Farmers are selling lower-grade and moisture-affected Kapas in the open market. As a result, overall Indian physical prices are under pressure.
• Indian basis is now somewhat firm due to a weak rupee, strong NY futures, and a weak Indian physical market. The basis currently remains between 10.57 and 11.46.
• This week, the USD-INR exchange rate showed moderate fluctuations. It opened at 88.25 on Monday and moved slightly higher to 88.27 on Tuesday. On Wednesday, the rupee strengthened marginally with the rate easing to 88.19, but it weakened again later in the week, reaching 88.69 on Thursday and closing at 88.77 on Friday. Overall, the Indian rupee traded in a narrow range with a slightly weaker tone by the week’s end.
• Hope for best