Core Viewpoint - The cotton futures prices on the Intercontinental Exchange (ICE) continue to decline, with the current price at 63.75 cents per pound, reflecting a decrease of 0.05% from the previous trading session [1]. Group 1: Cotton Futures Market Overview - On November 20, the ICE cotton futures opened at 63.97 cents per pound, reached a high of 64.40 cents, a low of 63.63 cents, and closed at 63.81 cents, marking a decrease of 0.25% [2]. - The latest data from the Commodity Futures Trading Commission (CFTC) indicates that as of October 17, the number of unpriced sell orders for U.S. cotton was 46,720 contracts, a decrease of 372 contracts from the previous week. Unpriced buy orders totaled 111,971 contracts, down by 1,000 contracts [2]. - The ICE cotton futures contract saw a reduction in unpriced contracts for sellers, with 11,129 contracts reported, a decrease of 2,029 contracts from the prior week [2]. Group 2: Export Sales Data - According to the U.S. Department of Agriculture, for the week ending October 2, net sales of U.S. upland cotton for the 2025/2026 marketing year were 199,000 bales, an increase from 155,400 bales the previous week. For the 2026/2027 marketing year, net sales were reported at zero bales, down from 44,100 bales the prior week [2]. - On November 20, the Zhengzhou Commodity Exchange reported 4,650 cotton futures warehouse receipts, an increase of 14 receipts compared to the previous trading day [2].

Group 1 - The core viewpoint of the articles indicates that cotton futures prices on the ICE are experiencing slight fluctuations, with recent trading showing a marginal increase of 0.01% [1] - On August 13, the opening price for U.S. cotton was reported at 68.40 cents per pound, with a closing price of 67.82 cents per pound, reflecting a decrease of 0.64% [2] - The USDA report has adjusted the U.S. cotton harvested area down by 1.3 million acres to 7.36 million acres due to drought conditions in the southwestern region, despite an increase in yield per acre [2] Group 2 - The total cotton planting area in China is expected to increase by 2025, with high temperatures in Xinjiang in the coming days raising concerns about the impact of weather on the growth of new crops [3]