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I don’t suppose the present scenario is any extra bearish than what we’ve seen all year long. There have been a number of unfavorable headlines currently (like Brazil’s robust output and plans to broaden planting in 2026), but additionally a number of positives (international ending shares had been revised downward, rains affected harvest high quality in some areas, the 2025 Farm Invoice favors corn over cotton, international development forecasts had been revised barely up). General, not a lot has actually modified, but the worth is sitting close to the yearly lows, which makes me anticipate a imply reversion, since there’s no clear motive for it to go a lot decrease. Traditionally, November and December have been the strongest months for cotton (examine the seasonality indicator or the vertical strains marking Nov 1-30 every year), which simply provides one other argument for going lengthy. your ideas? https://preview.redd.it/zxs5qlkdm90g1.png?width=1254&format=png&auto=webp&s=873ed611eb0e3bec4d5bce01ab88e1d3e0aef7fc submitted by /u/kaljakin |
