Cotton futures have dropped below 86 cents per pound after reaching a four-month high of 87.98 cents on May 19, amid weakening demand and increased selling by Indian farmers who had been holding onto their crop, expecting prices to reach last year's record-high levels. On the other hand, the expectation of a decrease in cotton production for the upcoming crop year has provided some support. The recent May WASDE report from the USDA indicated there would be a decline in cotton output, particularly in China, which is facing challenges such as drought, and Turkey. In the United States, the third-largest cotton producer globally, farmers are expected to reduce cotton acreage by 18% this year. This reduction would represent one of the most significant drops in cotton acreage witnessed in this century.

Historically, Cotton reached an all time high of 227 in March of 2011. Cotton - data, forecasts, historical chart - was last updated on June of 2023.

Cotton is expected to trade at 81.62 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 72.53 in 12 months time.

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Cotton



Price Day Month Year
Soybeans 1,352.50 23.00 1.73% -6.60% -17.22%
Wheat 619.00 8.25 1.35% -1.06% -41.15%
Lumber 480.72 -2.28 -0.47% 7.79% -22.87%
Cheese 1.71 -0.0360 -2.07% -3.78% -27.48%
Palm Oil 3,381.00 102.00 3.11% -1.28% -47.61%
Milk 15.29 -0.34 -2.18% -8.77% -37.16%
Cocoa 3,026.00 18.00 0.60% 0.40% 22.56%
Cotton 86.05 -0.37 -0.43% 9.26% -37.73%
Rubber 131.60 -1.40 -1.05% -2.73% -21.48%
Orange Juice 279.90 -3.65 -1.29% 2.00% 54.90%
Coffee 180.30 -2.75 -1.50% -2.99% -22.42%
Oat 335.57 -3.4298 -1.01% 12.20% -47.30%
Wool 1,209.00 0 0% -7.50% -14.50%
Rice 17.69 0.2100 1.20% 0.26% 3.69%
Canola 658.00 6.50 1.00% -13.98% -40.66%
Sugar 24.73 -0.15 -0.60% -1.75% 28.20%
Tea 2.59 0 0% -4.78% -3.72%
Corn 608.02 15.5239 2.62% -5.77% -13.29%


Cotton
The cotton features are available on the New York Mercantile Exchange and Chicago Mercantile Exchange. The size of each contract is 50,000 pounds. The biggest producers of cotton are China and India, followed by United States, Pakistan, Brazil, Australia and Uzbekistan. The United States is the biggest exporter of cotton (40% of total exports). Cotton is the world’s most widely-used natural fiber for clothing. Cotton prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our cotton market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
86.05 86.42 227.00 5.66 1913 - 2023 USd/Lbs Daily