Cotton futures were trading below 90 USd/Lbs, a level not seen since July of 2021, as traders weighed prospects of higher supplies and lower demand due to faster rate hikes and economic uncertainty. On the supply side, the USDA, in its latest report, revised the US cotton crop to 13.79 million acres in September from 12.48 million acres in August, which is almost 19% higher than the 11.22 million acres planted in 2021. In India, another leading producer, the output for the season 2022-23 is expected to increase by about 15% to touch 375 lakh bales, provided the weather remains favorable till October. Still, crops remain threatened due to adverse weather conditions and pest attacks in major growing regions.

Historically, Cotton reached an all time high of 227 in March of 2011. Cotton - data, forecasts, historical chart - was last updated on October of 2022.

Cotton is expected to trade at 82.14 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 73.24 in 12 months time.

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Cotton



Price Day Month Year
Soybeans 1,369.25 4.75 0.35% -2.11% 10.80%
Wheat 931.85 10.35 1.12% 14.06% 23.18%
Lumber 422.50 11.60 2.82% -16.99% -32.41%
Cheese 1.96 0 0% 1.66% 8.48%
Palm Oil 3,424.00 8.00 0.23% -12.56% -25.29%
Milk 19.84 -0.01 -0.05% 0.86% 9.01%
Cocoa 2,354.00 27.00 1.16% -3.01% -13.14%
Cotton 85.49 0.15 0.18% -17.44% -20.05%
Rubber 134.90 0 0% 1.12% -19.08%
Orange Juice 191.40 0.95 0.50% -3.60% 43.21%
Coffee 221.55 -4.15 -1.84% -7.55% 8.58%
Oat 395.83 5.8266 1.49% 11.49% -34.14%
Wool 1,255.00 0 0% -5.64% -6.13%
Rice 17.16 0.0150 0.09% 0.18% 26.74%
Canola 854.40 2.40 0.28% 6.99% -5.81%
Sugar 18.42 -0.02 -0.11% 2.96% -8.18%
Tea 2.87 0 0% -10.31% -3.37%
Corn 685.62 8.1212 1.20% 4.66% 26.79%


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
85.38 85.34 227.00 5.66 1913 - 2022 USd/Lbs Daily