The China Cotton Association's October survey of 1,963 sample households across 10 provinces and Xinjiang showed national cotton picking at 96.2% and sales at 90.4% by October 31, both ahead of last year. Average seed cotton prices rose about 19% year on year to 7.3 yuan per kg, but prices eased in late October as lint spot prices weakened.
A fast harvest and heavy early selling add near-term supply to the Chinese market, while weaker lint prices at the end of October point to softer cotton values and cottonseed availability in the coming months.
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.