ICE December cotton futures settled at 63.88 cents per pound, down 0.43 cent, while the March contract closed at 65.38 cents per pound, down 39 points. Other contracts traded between 35 points lower and 10 points higher.
Total trading volume reached 107,876 contracts, marking the 12th-highest volume ever recorded. The previous day’s cleared volume was 117,186 contracts, the sixth-highest on record. ICE data shows that the first delivery date for the December contract is November 21.
Market analysts noted that the market is currently in a sideways consolidation phase, with traders awaiting the USDA’s monthly report scheduled for release on Friday. This will be the first USDA supply and demand forecast since September, which was delayed by the government shutdown.
Soybean futures on the Chicago Board of Trade fell for the first time in three sessions as traders awaited clearer demand signals. Weakness in the grain market also added downward pressure on cotton prices.
India’s cotton imports are projected to rise by 9.8 per cent to a record level next year, driven by relaxed tax-free import policies and a domestic crop decline to a 17-year low.
As of this morning (Indian Standard Time), ICE cotton for December 2025 was trading at 63.77 cents per pound (down 0.11 cent), cash cotton at 61.81 cents (unchanged), March 2026 at 65.25 cents (down 0.13 cent), May 2026 at 66.44 cents (down 0.13 cent), July 2026 at 67.57 cents (down 0.08 cent), and October 2026 at 67.80 cents (down 0.17 cent). A few contracts remained unchanged from previous closing levels, with limited trading activity so far today.
ALCHEMPro News Desk (KUL)
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