ICE December cotton futures settled at 63.31 cents per pound, up 0.69 cents, but closed 10 points below the intraday high. The March 2026 contract also ended 6 points below its session high.
The slight gain is likely a technical correction after several sessions of weakness. If buying interest holds above the 65-cent level, the contract may attempt to re-test short-term resistance near 66.50–67 cents per pound.
Certified stocks stood unchanged at 13,749 bales since October 30, with no bales awaiting review.
Market analysts noted that concerns around weak export demand and cautious mill buying are still weighing on sentiment. The USDA’s monthly WASDE report is scheduled for November 14, following the delay of the October edition due to the government shutdown.
Today (Indian Standard Time), ICE cotton for December 2025 traded at 64.31 cents per pound (unchanged), cash cotton at 61.81 cents (up 0.69 cent), the March 2026 contract at 65.76 cents (down 0.01 cent), the May 2026 contract at 66.89 cents (down 0.03 cent), the July 2026 contract at 67.89 cents (down 0.04 cent), and the October 2026 contract at 67.97 cents (up 0.42 cent). Some contracts remained at previous closing levels due to limited trading activity so far today.
ALCHEMPro News Desk (KUL)
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