Cotton Futures at Over 1-Week Low
2025-10-10 11:25
By
Luisa Carvalho
1 min. read
Cotton futures traded near 63 cents per pound, the lowest since late September, partly due to declining oil prices that make synthetic fibers more competitive.
However, trading volumes remained thin as the ongoing US government shutdown, now in its third week, has halted key USDA data releases.
The USDA’s WASDE report, originally scheduled for 9 October and a critical tool for assessing market demand, has been suspended until further notice.
Weekly crop data and export sales reports are also affected by the shutdown.
Despite this, the US cotton crop is still anticipated to be sizable, while export demand remains weak, keeping prices of the natural fiber under pressure.
Meanwhile, traders awaited details of US farm aid, expected this week but also delayed, which could provide up to $13 billion to farmers affected by trade disputes and harvest conditions.