On November 10, quotations at China's main ports saw a slight decline. The international cotton price index (SM) stood at 90.93 cents per pound, down by 0.39 cents per pound, equivalent to a general trade port delivery price of 15,029 yuan per ton; the international cotton price index (M) was 88.92 cents per pound, down by 0.38 cents per pound, equivalent to a general trade port delivery price of 14,701 yuan per ton.

The supply and demand report from the United States Department of Agriculture shows that the U.S. soybean meal production and export estimates remain unchanged at 22.7 million short tons, while the beginning inventory has been lowered, which far offsets the impact of the reduction in domestic usage. These adjustments have led to a 50,000-short-ton reduction in the ending inventory of soybean meal to 400,000 short tons, but it has increased by 20.1% year-on-year.