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*World Agricultural Supply and Demand Estimates**COTTON: This month’s 2021/22 U.S. cotton estimates are largely unchanged from October. The U.S. production forecast is slightly higher, at 18.2 million bales, while domestic mill use and exports are unchanged. U.S. ending stocks are 200,000 bales higher at 3.4 million—19 percent of use—and 250,000 above the previous year. The projected marketing-year average price received by upland producers is unchanged this month at 90 cents per pound, a 36 percent year-to-year increase.**The global cotton balance sheet for 2021/22 includes higher production and consumption, and slightly lower ending stocks. Beginning stocks this month are also lower, by 1 million bales, due to higher estimated consumption in earlier years for India, Pakistan, and Mexico. Their projected use in the current year is also higher this month, and total global consumption is up 700,000 bales. The world production forecast is 1.5 million bales higher as gains for Brazil, Australia, Pakistan, and the United States more than offset a 200,000- bale decline in Greece following unusually heavy October rainfall. World ending stocks are projected at 86.9 million bales, 200,000 bales lower than in October, and 2.4 million bales lower than in 2020/21*

*All India Weather Forecast for November 10, 2021**Weather systems made across the country*A cyclonic circulation is persisting over South Andaman Sea, under which a Low Pressure Area is likely to form over South Andaman Sea and adjoining areas. It may intensify into a depression and move west-northwestwards towards Tamil Nadu coast.A trough is extending from the cyclonic circulation over southeast Bengal to southwest Bay of Bengal off Tamil Nadu coast.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain occurred over parts of Tamil Nadu and Kerala and heavy to very heavy at isolated places.Scattered light to moderate rain occurred over South Interior Karnataka Andaman and Nicobar Islands.*Light rain fell in Lakshadweep.**Weather activity likely during next 24 hours*During the next 24 hours, isolated light to moderate rains are likely over Tamil Nadu, parts of Kerala, Coastal Andhra Pradesh and Andaman and Nicobar Islands.Heavy to very heavy rain very likely over Coastal Tamil Nadu and South Andhra Pradesh coast from November 10 to November 11.Light to moderate rain is possible over South Interior Karnataka.Light rain may occur at isolated places over Lakshadweep, parts of Telangana and South Odisha.

Today evening, the rupee depreciated by 2 paise to close at Rs 74.03 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 60433.45 points, down 112.16 points. On the other hand, Nifty closed at the level of 18044.30 points down by 24.20 points.  

Rupee opens 8 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 8 paise at Rs 73.93 against the dollar. At the same time, on Monday, the rupee closed at Rs 74.02 with a gain of 44 paise against the dollar.

Poor start in the Sensex, falling 51 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 51.02 points and opened at the level of 60494.59 points.

*Cotton Traders Weigh ‘Conflicting’ Signals for Price Outlook**Cotton futures were little changed as traders weighed increased concern about demand against near-term tight supplies.**Stockpiles at depots monitored by ICE Futures U.S. in New York fell 4% to the lowest in more than a year amid delays for the American harvest. Last week, government data showed demand for domestic supplies has slowed following the futures rally to 10-year highs.**While bulls are betting China will continue to buy U.S. supplies in big volumes, the country had big cancellations to prior purchases. The weaker sales came as concern emerges the market has begun to lose share to polyester, Ollie Cleveland, a consultant and Mississippi State University economics professor emeritus, said in a Monday report.* *That’s “conflicting” with expected support from commercial traders, who have a very large unfixed sold position that has to be closed with buying of futures, he said.**The March contract at ICE traded at $1.1333 a pound in New York after earlier climbing as much as 1.1%.* *The price is up 45% this year, and last month hit the highest in a decade.* *The rally left prices on a level that’s very profitable for producers, said Kody Bessent, chief executive officer for Plains Cotton Growers Inc., the biggest grower group in the top-producing state of Texas.*   *Growers are “very excited” about prices and looking forward to next year’s harvest, he said.* *The cotton industry, like most sectors around the world, is dealing with shipping delays, high freight costs, surging fertilizer prices and shortages of things like equipment parts.**Growers also will have to weight those challenges against better prices for other crops. The break-even level for most state cotton farmers to cover costs is between 80-85 cents a pound, he said.* *In other soft commodities, arabica coffee for March delivery slid 1.9% to $2.0245 a pound on ICE for its third straight loss.*

*pakistan cotton market update**sluggish business in cotton market**The local cotton market remained stagnant on Monday and trading volumes remained low.**The spot rate remained unchanged at Rs 15,900 per mind. Polyester fiber was available at Rs 247 per kg.**Cotton analyst Naseem Usman told that the rate of cotton in Sindh has been recorded in the range of Rs 12,500 to Rs 16,500 per mand and in Punjab the rate of cotton has been recorded between Rs 14,200 and Rs 16,500 per mind.**In Sindh, the price of new foot crop was between Rs 5000 and Rs 7,000 per 40 kg.* *Whereas in Punjab, the price of ftti was between Rs 5,800 and Rs 7,300 per 40 kg.**Similarly, the price of cotton in Balochistan remained at Rs 13,800 to Rs 16,200 per mand while the prices of footti were higher in comparison to Rs 6,200 to 79,00 per mand in the other two provinces, Naseem Usman said.**The price of Banola in Sindh was between Rs 1,350 and Rs 2,000 per mind. Whereas in Punjab the price of Banola was between Rs 1650 to Rs 2100 per mind.**600 bales of Lodharan sold for Rs 16200 per mind, 400 bales of Khanpur at Rs 16100 per mind and 200 bales of Fakir Wali sold at Rs 16000 per mind.**Naseem Usman said that despite the fall in the dollar value, cotton prices remained high.**The United States (USA) remained the top export destination for Pakistani products during the first three months of the current financial year (2021–22), followed by China and the United Kingdom (UK).*

*All India Weather Forecast for November 09, 2021**Countrywide weather systems*The Depression over East Central Arabian Sea is moving in a west-northwest direction and the associated cyclonic circulation is extending up to 5.8 km above mean sea level.A trough from the cyclonic circulation associated with the depression is extending up to Northeast Arabian Sea off South Gujarat coast.A Cyclonic Circulation lies over North Coastal Tamil Nadu and South Coast of Andhra Pradesh.A Cyclonic Circulation is persisting over Southeast Bay of Bengal and adjoining South Andaman Sea. Under its influence, a low pressure area is expected to form over southeast Bay of Bengal by tomorrow, November 9. It will become more powerful and move ahead of Tamil Nadu.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain at isolated places occurred over parts of Tamil Nadu, Rayalaseema, South Coastal Andhra Pradesh and Andaman and Nicobar Islands.Moderate rainfall occurred at 1-2 places with isolated light rain over South Interior Karnataka, Lakshadweep and Kerala.Air pollution remained in very poor category in Delhi and NCR.*Possible weather activity during next 24 hours*During the next 24 hours, light to moderate rain with isolated heavy falls very likely over Tamil Nadu, parts of Rayalaseema, Coastal Andhra Pradesh and Andaman & Nicobar Islands.Light to moderate rain may occur over South Interior Karnataka, Kerala and Lakshadweep.

Today evening, the rupee strengthened by 44 paise to close at 74.02 against the dollar.Sensex rises 480 points, then crosses 60,000 markToday the stock market closed sharply. Today, where the Sensex closed at the level of 60545.61 points with a gain of about 477.99 points. On the other hand, Nifty closed at 18068.50 with a gain of 151.70 points. Today, the rise of the stock market can also be considered good because the Sensex managed to get out of 60,000 points and Nifty above 18,000 points.  

Rupee opens 20 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 20 paise at Rs 74.25 against the dollar. At the same time, the rupee on Wednesday closed at Rs 74.45 with a gain of 22 paise against the dollar.

Brisk start in, opened up 209 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 208.70 points to open at the level of 60276.32 points