Cotton Futures at 1-Week High
2026-02-11 16:08
By
Luisa Carvalho
1 min. read
Cotton futures rose past 62 cents per pound, hitting the highest in a week, as short-covering and rollover activity from the March to May contract lent support.
Meanwhile, the USDA's February WASDE report raised its forecast for 2025/26 global cotton production by 425,000 bales from January to 119.86 million bales, reflecting upward revisions for China and South Africa that were partially balanced by lower projections for Argentina and Mexico.
Global consumption was reduced by 200,000 bales, including a 100,000-bale cut for Pakistan and smaller reductions in other countries, and the export forecast was cut by 60,000 bales.
The 2025/26 US cotton outlook saw only modest revisions this month, mainly on the trade side, with export projections lowered by 200,000 bales due to sluggish sales.
The report added that global ending stocks are expected to rise by nearly 630,000 bales to 75.1 million, while US ending stocks were pegged at 4.4 million bales, up from 4.2 million last month.