
Global cotton benchmarks were flat to slightly lower in November, with December NY/ICE falling below 80 cents/lb while March traded near 82 cents/lb. USDA cut 2026-27 world cotton output by 472,000 bales to 117.5 million and mill use by 335,000 bales to 122.7 million.
Lower projected world output and mill use partly offset weak spot prices, leaving cotton prices soft; China tariff and reserve-buying signals remain the main swing factor for feed-meal byproduct supply such as cottonseed meal.
Not enough comparable past events yet for a historical read.
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.