Cotton Futures Edge Up
2026-07-06 16:40
By
Larissa Caser
1 min. read
Cotton futures rose to around 78 cents per pound, as adverse weather conditions in key regions supported higher prices.
As of July 1, 97% of the U.S.
cotton crop had been planted, although a record-breaking heat dome across the eastern U.S.
raised concerns over crop conditions.
India is likely to see below average monsoon rainfall after recording its fifth driest June since 1901 causing planting lags.
Meanwhile, Brazil's cotton exports remained strong, up 10.6% compared to a year earlier.
Prices are expected to stay between 75-80 cents in the near-term, according to the U.S.
Department of Agriculture's weakly export sales report, despite showing weaker demand for U.S.
cotton.
The US plans to impose tariffs on countries violating forced labor regulations, although it allows countries to avoid these new tariffs if they increase the use of US-origin inputs.
India has waived duty on cotton imports until October, although a decision beyond October is still pending.