Market Movement from 10th Nov 2025 to 15th Nov 2025.

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• With a bearish WASDE report and slow demand, NY Futures faced persistent selling pressure and closed in the red. NY Dec settled at 63.62 on 07-Nov and 62.49 on 14-Nov, recording a week-over-week loss of 113 points. Now, trade is shifting to the next active month, NY Mar, which closed with loss of 101 points W/W.
• The U.S. Federal shutdown has ended, and the USDA has resumed releasing data. The first update includes Export Sales for 25 November. U.S. Export Sales for the week ending 25 September 2025 reflected solid demand, with 2025-2026 net upland sales at 1,55,400 bales and upland shipments at 1,17,600 bales. Net Pima sales were 1,100 bales, while Pima shipments totaled 6,000 bales, bringing total weekly sales for the current marketing year to 1,56,500 bales. For the 2026-2027 season, forward bookings were modest, with net upland sales of 44,100 bales and no Pima sales reported, resulting in total forward sales of 44,100 bales.
• The November 2025 USDA-WASDE report shows a stronger supply outlook, with U.S. production, exports, and ending stocks all rising, while the average upland price is lowered to 62 cents. Globally, cotton production, trade, and stocks increase—led by China, the U.S., and Brazil—pushing world ending stocks up to 75.9 million bales.
• This week, Gujcot Spot Rates showed a steady downward trend, quoted at ₹52,100 on Monday, ₹52,000 on Tuesday, ₹51,900 on Wednesday, ₹51,850 on Thursday, ₹51,800 on Friday, and ₹51,950  on Saturday, reflecting continued softness in the market.
• The Indian physical market remains under arrival pressure with low demand. CCI has not started significant procurement yet due to a mismatch in quality parameters.
• During this week, the Indian basis remained between 10.61 and 12.18.
• This week, the USD-INR exchange rate moved within a narrow range, starting at 88.70 on Monday, easing slightly to 88.57 on Tuesday, and inching up again to 88.63 on Wednesday. The currency remained relatively steady at 88.67 on Thursday before closing the week marginally higher at 88.74 on Friday.
• Let’s hope for the best.