Cotton Quick Take

The Week Ahead The government shutdown has now stretched into a week with no clear end in sight, delaying key USDA reports and leaving cotton and other ag markets without their usual data signals. In the meantime, traders are watching harvest progress, export competition, and seasonal strength for direction. While past shutdowns haven’t always weighed on markets, the lack of fresh data adds a layer of uncertainty. With Fed minutes due this week and more rate cuts expected before year-end, macro momentum could keep a floor under risk assets, but volatility may build until Washington resolves the stalemate.