数据来源第三方(wind、同花顺、棉花信息网、棉花协会网)，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 棉花(纱)产业日报 2025-11-24 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13585 | 125 棉纱主力合约收盘价(日,元/吨) | 20075 | 350 | | | 棉花期货前20名净持仓(手) | -89472 | -103 ...

棉花(纱)产业日报 2025-11-20 施压，但下方国内需求边际好转，盘面上，近期棉价存在止跌迹象，短期暂且观望。 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13465 | -20 棉纱主力合约收盘价(日,元/吨) | 19745 | -50 | | | 棉花期货前20名净持仓(手) | -83369 | -3799 棉纱期货前20名净持 ...

但下方国内需求边际好转，预计维持震荡行情。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 棉花(纱)产业日报 2025-11-18 四个月高点，到港量较多，出货受限。需求端，10月我国纺服出口呈现同环比双降趋势，服装出口降幅显 数据来源第三方(wind、同花顺、棉花信息网、棉花协会网)，观点仅供参考。市场有风险，投资需谨慎！ 著大于纺织品。但国内零售需求边际存在好转迹象，关注后期订单情况。总体上，上方供应端继续施压， 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | -- ...

棉花(纱)产业日报 2025-11-17 数据来源第三方(wind、同花顺、棉花信息网、棉花协会网)，观点仅供参考。市场有风险，投资需谨慎！ 续施压，但下方国内需求边际好转，预计维持震荡行情。 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13445 | -5 棉纱主力合约收盘价(日,元/吨) | 19740 | 45 | | | 棉花期货前2 ...

1. Report Industry Investment Ratings - No industry investment ratings are provided in the reports. 2. Core Views of the Reports 2.1 Oils and Fats Industry - Palm oil: The Malaysian BMD crude palm oil futures are in a narrow - range oscillation due to high production and weak export data, while the Dalian palm oil futures are expected to try to break through 8900. - Soybean oil: The global crude oil supply - demand forecast in 2026 by OPEC has affected the soybean oil market. The domestic soybean oil supply is abundant, and the spot basis is likely to remain stable [1]. 2.2 Pig Industry - The spot price of pigs is weak, but there is an expectation of strengthening in the market tomorrow. The overall November pig - selling progress is slow, which may boost the pig price. The market is in a range - bound pattern, and the 3 - 7 reverse spread strategy can be held [3]. 2.3 Meal Industry - The USDA monthly report is expected to show little change in the ending stocks. The domestic soybean inventory is high, and the meal market is expected to be in a wide - range oscillation. Attention should be paid to the USDA report [7]. 2.4 Corn Industry - Corn prices in the Northeast are rising locally, and those in the North China are stable with a slight upward trend. The price increase and decrease are limited due to supply pressures and cost and policy support. The short - term corn price may rebound, but the rebound amplitude is restricted [8]. 2.5 Cotton Industry - The ICE cotton futures are falling, and the domestic cotton price is likely to be in a range - bound pattern due to hedging pressure and cost support, with weak downstream demand but rigid raw - material demand from textile enterprises [11]. 2.6 Sugar Industry - Brazilian rainfall may affect sugarcane crushing, and India's sugar export has uncertainties. The domestic sugar market is expected to be in a price - oscillation state, with the new - season sugarcane crushing in Guangxi likely to be postponed [13][14]. 2.7 Egg Industry - The supply of eggs remains under pressure as the laying - hen inventory is high in November. The consumption is weak, but the egg price is at a bottom - range, and 2512 short positions can be gradually closed at a low price below 3000 [16]. 3. Summary by Related Catalogs 3.1 Oils and Fats Industry 3.1.1 Price Changes - Soybean oil: The spot price in Jiangsu remained unchanged at 8560, the futures price of Y2601 rose 0.34% to 8316, and the basis decreased 10.29% [1]. - Palm oil: The spot price in Guangdong dropped 0.58% to 8570, the futures price of P2601 rose 0.09% to 8752, and the basis decreased 46.77% [1]. - Rapeseed oil: The spot price in Jiangsu rose 1.48% to 10260, the futures price of OI601 rose 1.37% to 9975, and the basis rose 5.56% [1]. 3.1.2 Spread Changes - The 01 - 05 spread of soybean oil decreased 0.89%, that of palm oil decreased 13.33%, and that of rapeseed oil increased 9.11% [1]. 3.2 Pig Industry 3.2.1 Futures and Spot Prices - Futures: The price of pig 2605 rose 0.82% to 12235, and that of pig 2601 rose 0.55% to 11860. - Spot: The spot prices in most regions decreased, such as in Henan, Shandong, and Sichuan [3]. 3.2.2 Industry Indicators - The sample - point slaughter volume decreased 0.74%, the white - strip price decreased 0.53%, and the piglet price decreased 15% [3]. 3.3 Meal Industry 3.3.1 Price Changes - Soybean meal: The spot price in Jiangsu remained unchanged at 3050, the futures price of M2601 rose 0.39% to 3071, and the basis decreased 133.33% [7]. - Rapeseed meal: The spot price in Jiangsu remained unchanged at 2500, the futures price of RM2601 decreased 0.08% to 2492, and the basis increased 33.33% [7]. 3.3.2 Spread Changes - The 01 - 05 spread of soybean meal increased 4.78%, and that of rapeseed meal increased 1.61% [7]. 3.4 Corn Industry 3.4.1 Price Changes - Corn: The futures price of corn 2601 rose 0.41% to 2186, the Jinzhou Port flat - hatch price rose 0.46% to 2200, and the basis rose 7.69% [8]. - Corn starch: The futures price of corn starch 2601 rose 0.68% to 2507, and the basis decreased 85% [8]. 3.4.2 Industry Indicators - The import profit of corn increased 4.66%, and the number of remaining vehicles at Shandong deep - processing plants in the morning increased 14.54% [8]. 3.5 Cotton Industry 3.5.1 Price Changes - Futures: The price of cotton 2605 decreased 0.22% to 13495, and that of cotton 2601 decreased 0.18% to 13490. - Spot: The Xinjiang arrival price of 3128B decreased 0.38% to 14614, and the CC Index of 3128B decreased 0.22% to 14819 [11]. 3.5.2 Industry Indicators - The commercial inventory increased 70.4% to 293.06 tons, and the industrial inventory increased 9.7% to 88.82 tons [11]. 3.6 Sugar Industry 3.6.1 Price Changes - Futures: The price of sugar 2601 rose 0.62% to 5512, and that of sugar 2605 rose 0.41% to 5433. - Spot: The Nanning spot price remained unchanged at 5660, and the Kunming spot price remained unchanged at 5540 [13]. 3.6.2 Industry Indicators - The national sugar production increased 12.03% to 1116.21 tons, and the national sugar sales increased 9.17% to 1048.00 tons [13]. 3.7 Egg Industry 3.7.1 Price Changes - The price of the egg 12 - contract decreased 0.75% to 3040, and the price of the egg 01 - contract decreased 1.72% to 3322. - The egg - producing area price decreased 0.25% to 2.99 yuan per catty [16]. 3.7.2 Industry Indicators - The egg - chicken feed ratio decreased 1.68% to 2.34, and the breeding profit decreased 8.51% to - 26.52 yuan per chicken [16].

棉花(纱)产业日报 2025-11-13 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13490 | -25 棉纱主力合约收盘价(日,元/吨) | 19790 | 0 | | | 棉花期货前20名净持仓(手) | -96988 | 4277 棉纱期货前20名净持仓(手) | 20 | 203 | | | 主力合约持仓量:棉花(日,手) | 562897 | -1984 主力合约持仓量:棉纱(日,手) | 24597 | 205 | | | 仓单数量:棉花(日,张) 中国棉花价格指数:CCIndex:3128B(日,元 | 4180 | 296 仓单数量:棉纱(日,张) | 30 | -1 | | 现货市场 | /吨) 中国进口棉价格指数:FCIndexM:1%关税( | 14819 | -32 中国纱线价格指数:纯棉普梳纱32支(日, | 20490 | 0 | | | | | 元/吨) | | | | | | 13023 | -69 到港价 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The pressure of new cotton listing is increasing, but the yield per unit of Xinjiang cotton is lower than expected, which supports the cotton market. The downstream demand is weak, but the tariff reduction is beneficial to cotton - textile exports, also providing certain support. Currently, with long and short factors intertwined, the market will fluctuate in the short term [2] 3. Summary by Related Catalogs Futures Market - Zhengzhou cotton main - contract closing price is 13,515 yuan/ton, down 45 yuan; cotton yarn main - contract closing price is 19,790 yuan/ton, down 65 yuan. The net position of the top 20 in cotton futures is - 101,265 lots, an increase of 15,021 lots; for cotton yarn futures, it is - 183 lots, a decrease of 166 lots. The main - contract positions of cotton are 564,881 lots, down 9,024 lots; for cotton yarn, they are 24,392 lots, down 234 lots. The cotton warehouse - receipt quantity is 3,884 lots, an increase of 265 lots; for cotton yarn, it is 31 lots, an increase of 12 lots. The China Cotton Price Index (CCIndex:3128B) is 14,851 yuan/ton, and the China Yarn Price Index (pure - cotton carded yarn 32 - count) is 20,490 yuan/ton, down 30 yuan. The China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,092 yuan/ton, and the arrival price of the Imported Cotton Yarn Price Index (pure - cotton carded yarn 32 - count) is 21,203 yuan/ton, down 7 yuan [2] Spot Market - The China Imported Cotton Price Index (FCIndexM: sliding - scale tariff) is 14,037 yuan/ton, and the arrival price of the Imported Cotton Yarn Price Index (pure - cotton combed yarn 32 - count) is 22,636 yuan/ton, down 8 yuan [2] Upstream Situation - The national cotton sowing area is 2,838.3 thousand hectares, and the national cotton output is 6.16 million tons, an increase of 540,000 tons. The cotton - yarn price difference is 5,639 yuan/ton, down 39 yuan. The industrial inventory of cotton nationwide is 861,000 tons, down 9,000 tons [2] Industry Situation - The monthly import quantity of cotton is 100,000 tons, an increase of 30,000 tons; for cotton yarn, it is 130,000 tons, unchanged. The profit of imported cotton is 805 yuan/ton, down 81 yuan. The commercial inventory of cotton nationwide is 1.0217 million tons, down 460,000 tons [2] Downstream Situation - The inventory days of yarn are 24.85 days, down 1.73 days; for grey cloth, they are 31.12 days, down 2.75 days. The monthly output of cloth is 2.8 billion meters, an increase of 100 million meters; for yarn, it is 2.074 million tons, an increase of 46,000 tons. The monthly export amount of clothing and clothing accessories is 12,453,247 million US dollars, a decrease of 1,692,656.63 million US dollars; for textile yarns, fabrics and products, it is 11,966,516 million US dollars, a decrease of 426,685.77 million US dollars [2] Option Market - The implied volatility of cotton at - the - money call options is 3.89%, down 2.91%; for at - the - money put options, it is also 3.89%, down 2.91%. The 20 - day historical volatility of cotton is 5.38%, down 0.09%; the 60 - day historical volatility is 7.75%, down 0.1% [2] Industry News - As of 24:00 on November 10, 2025, the cumulative notarized inspection of cotton processed by national cotton processing enterprises in the 2025/26 season is 11,285,194 bales, totaling 2.548547 million tons, a year - on - year increase of 27.57%. The cumulative notarized inspection volume of Xinjiang cotton is 2.5062 million tons, a year - on - year increase of 29.02%. The ICE cotton futures fell on Tuesday, and investors are waiting for the supply - demand report from the US Department of Agriculture later this week. The ICE March cotton futures contract closed down 0.39 cents, or 0.59%, at 65.38 cents per pound [2] Viewpoint Summary - As of November 3, 2025, the cotton picking progress in Xinjiang is about 96.1%, 2.1 percentage points faster than the same period last year. The picking and purchasing progress of Xinjiang cotton has accelerated, and the purchasing price has slightly decreased. The current commercial inventory is gradually rising, and the inventory of imported cotton has increased significantly, reaching a 3.5 - month high. Due to less outbound of imported cotton, the market trading volume is limited, and the arrival volume is stable. On the demand side, the spinning processing profit has slightly improved, and enterprises' confidence in future demand shows signs of turning, but the increase in new orders is still limited. Attention should be paid to the export situation [2]

Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The new cotton listing pressure is increasing, but the lower - than - expected yield per unit of Xinjiang cotton supports the cotton market. The downstream demand is weak, but the tariff reduction is beneficial for cotton textile exports, also providing some support. With the current situation of long - short factors intertwined, it is advisable to wait and see in the short term [2] 3. Summary by Relevant Catalogs Futures Market - Zhengzhou cotton main contract closing price is 13,560 yuan/ton, down 20 yuan; cotton yarn main contract closing price is 19,855 yuan/ton, down 10 yuan [2] - Cotton futures top 20 net positions are - 116,286 lots, down 1,085 lots; cotton yarn futures top 20 net positions are - 17 lots, up 3 lots [2] - Cotton main contract open interest is 573,905 lots, up 3,733 lots; cotton yarn main contract open interest is 24,626 lots, down 341 lots [2] - Cotton warehouse receipt quantity is 3,619 pieces, up 325 pieces; cotton yarn warehouse receipt quantity is 19 pieces, unchanged [2] Spot Market - China Cotton Price Index (CCIndex:3128B) is 14,842 yuan/ton, down 2 yuan; China Yarn Price Index for pure cotton carded yarn 32s is 20,520 yuan/ton, unchanged [2] - China Imported Cotton Price Index (FCIndexM:1% tariff) is 12,972 yuan/ton, down 115 yuan; the arrival price of imported cotton yarn price index for pure cotton carded yarn 32s is 21,210 yuan/ton, up 8 yuan [2] - China Imported Cotton Price Index (FCIndexM: sliding duty) is 13,958 yuan/ton; the arrival price of imported cotton yarn price index for pure cotton combed yarn 32s is 22,644 yuan/ton, up 9 yuan [2] Upstream Situation - The national cotton sowing area is 2,838.3 thousand hectares, up 48.3 thousand hectares; the national cotton output is 616 tons, up 54 tons [2] Industry Situation - The cotton - yarn price difference is 5,678 yuan/ton, up 2 yuan; the national industrial inventory of cotton is 86.1 tons, down 0.9 tons [2] - The monthly import volume of cotton is 10 tons, up 3 tons; the monthly import volume of cotton yarn is 130,000 tons, unchanged [2] - The daily profit of imported cotton is 886 yuan/ton, up 58 yuan; the national commercial inventory of cotton is 102.17 tons, down 46 tons [2] Downstream Situation - The inventory days of yarn are 24.85 days, down 1.73 days; the inventory days of grey cloth are 31.12 days, down 2.75 days [2] - The monthly output of cloth is 2.8 billion meters, up 0.1 billion meters; the monthly output of yarn is 207.4 tons, up 4.6 tons [2] - The monthly export value of clothing and clothing accessories is 12,453,247 million US dollars, down 1,692,656.63 million US dollars; the monthly export value of textile yarns, fabrics and products is 11,966,516 million US dollars, down 426,685.77 million US dollars [2] Option Market - The implied volatility of cotton at - the - money call options is 6.8%, down 5.43%; the implied volatility of cotton at - the - money put options is 6.8%, down 5.43% [2] - The 20 - day historical volatility of cotton is 5.46%, down 0.09%; the 60 - day historical volatility of cotton is 7.85%, down 0.01% [2] Industry News - According to Mysteel research, the national commercial inventory of cotton has increased significantly with the concentrated listing of new cotton. As of November 7, 2025, the total commercial inventory of cotton is 2.8478 million tons, a week - on - week increase of 0.5217 million tons (a 22.43% increase). Among them, the commercial cotton in Xinjiang is 2.3115 million tons, a week - on - week increase of 0.4725 million tons (a 25.69% increase), and the commercial cotton in the inland area is 0.01883 million tons, a week - on - week increase of 0.00231 million tons (a 13.98% increase) [2] - ICE cotton futures rose on Monday. The sign of the end of the US government shutdown boosted the market sentiment. The December ICE cotton futures contract closed up 0.69 cents, or 1.08%, at 64.31 cents per pound [2] Supply - demand Analysis - Supply side: As of November 3, 2025, the cotton picking progress in Xinjiang is about 96.1%, 2.1 percentage points faster than the same period last year. The picking and purchasing progress of Xinjiang cotton has accelerated, and the purchasing price has slightly decreased. The current commercial inventory is gradually recovering, and the inventory of imported cotton has increased significantly, reaching a new high in 3.5 months. Due to less outbound of imported cotton, the market trading volume is limited, and the arrival volume is stable [2] - Demand side: The spinning processing profit has slightly improved, and enterprises' confidence in future demand shows signs of improvement, but the increase in new orders is still limited. Attention should be paid to the export situation [2]

支撑。当前多空交织，短期暂且观望。 免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13580 | 0 棉纱主力合约收盘价(日,元/吨) | 19865 | 15 | | | 棉花期货前20名净持仓(手) | -115201 | -1940 棉纱期货前20名净持仓(手) | -20 | 71 | | | 主力合约持仓量:棉花(日,手) | 570172 | -6107 主力合约持仓量:棉纱(日,手) | 24967 | -75 | | | 仓单数量:棉花(日,张) 中国棉花价格指数:CCIndex:3128B(日,元 | 3294 | 281 仓单数量:棉纱(日,张) | 19 | 13 | | 现货市场 | | 14844 | -15 中国纱线价格指数:纯棉普梳纱32支(日, | 20520 | 0 | | | /吨) 中国进口棉价格指数:FCIndexM:1%关税( | | 元/吨) -109 到港价:进口棉纱价格指数:纯棉普梳纱3 ...

Report Industry Investment Rating - No information provided Core View of the Report - The new cotton cost is fixed, which supports the cotton price, but the upside is pressured by supply. It is expected that the cotton price will mainly fluctuate. The downstream demand has not fully started, orders are less than expected, and the market lacks confidence in future demand. Cotton textile enterprises mostly adopt a wait - and - see attitude and replenish inventory based on rigid demand. [2] Summary by Relevant Catalogs Futures Market - Zhengzhou cotton's main contract closing price is 13,605 yuan/ton, a decrease of 10 yuan; cotton yarn's main contract closing price is 19,870 yuan/ton, an increase of 50 yuan. - Cotton futures' top 20 net positions are - 113,512 lots, a decrease of 4,096 lots; cotton yarn futures' top 20 net positions are - 155 lots, an increase of 5 lots. - The main contract positions of cotton are 579,138 lots, a decrease of 1,553 lots; the main contract positions of cotton yarn are 25,040 lots, an increase of 19 lots. - The number of cotton warehouse receipts is 2,769 sheets, an increase of 17 sheets; the number of cotton yarn warehouse receipts is 6 sheets, unchanged. [2] Spot Market - The China Cotton Price Index (CCIndex:3128B) is 14,820 yuan/ton, a decrease of 5 yuan; the China Yarn Price Index for pure - combed 32 - count cotton yarn is 20,520 yuan/ton, unchanged. - The China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,196 yuan/ton, a decrease of 67 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count cotton yarn is 21,221 yuan/ton, a decrease of 7 yuan. - The China Imported Cotton Price Index (FCIndexM: sliding - scale tariff) is 14,096 yuan/ton, a decrease of 46 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count cotton yarn is 22,655 yuan/ton, an increase of 76 yuan. [2] Upstream Situation - The national cotton sown area is 2,838.3 thousand hectares, an increase of 48.3 thousand hectares; the national cotton output is 6.16 million tons, an increase of 540,000 tons. [2] Industry Situation - The cotton - yarn price difference is 5,700 yuan/ton, an increase of 5 yuan; the national industrial inventory of cotton is 861,000 tons, a decrease of 9,000 tons. - The monthly import volume of cotton is 100,000 tons, an increase of 30,000 tons; the monthly import volume of cotton yarn is 130,000 tons, unchanged. - The daily import cotton profit is 729 yuan/ton, an increase of 30 yuan; the national commercial inventory of cotton is 1.0217 million tons, a decrease of 460,000 tons. [2] Downstream Situation - The yarn inventory days are 25.24 days, an increase of 0.39 days; the坯布 inventory days are 31.43 days, an increase of 0.31 days. - The monthly cloth output is 2.811 billion meters, an increase of 110 million meters; the monthly yarn output is 2.0738 million tons, an increase of 45,900 tons. - The monthly export value of clothing and clothing accessories is 1245.3247 million US dollars, a decrease of 169.2657 million US dollars; the monthly export value of textile yarns, fabrics and products is 1196.6516 million US dollars, a decrease of 42.6686 million US dollars. [2] Option Market - The implied volatility of cotton at - the - money call options is 8.61%, an increase of 3.05%; the implied volatility of cotton at - the - money put options is 8.62%, an increase of 3.12%. - The 20 - day historical volatility of cotton is 5.68%, a decrease of 1.1%; the 60 - day historical volatility of cotton is 7.87%, an increase of 0.1%. [2] Industry News - As of 24:00 on November 3, 2025, the cumulative notarized inspection of cotton processed by national cotton processing enterprises in the 2025/26 season is 8,812,496 bales, totaling 1.990242 million tons, a year - on - year increase of 42.83%. The cumulative notarized inspection volume of Xinjiang cotton is 1.955048 million tons, a year - on - year increase of 44.01%. - The Intercontinental Exchange (ICE) cotton futures were stable on Wednesday. Investors focused on the supply - demand report to be released next week. The ICE December cotton futures contract rose 0.03 cents, or 0.10%, to settle at 65.23 cents per pound. [2]