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USDA's November Cotton World Markets and Trade report raises Turkey's 2026/27 cotton import forecast by 300,000 bales to 5.3 million. The same report cuts Turkish production by 350,000 bales and ending stocks by 50,000, with domestic use unchanged at 6.8 million.
The higher imports mainly replace lost domestic supply rather than reflect stronger mill demand, so the net effect on global cotton and cottonseed balances is modest. The main impact is on Turkish sourcing and trade flows.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.