Cotton futures on ICE dropped to a 9-month low of around 100 USd/Lbs, the lowest since September last year and down 35% from its 11-year high of $158 hit in May, as growing recessionary fears raised prospects of lower demand. As major global central banks are raising rates to fight inflation, the slowdown in economic activity and consumption is set to impact the recession sensitive commodity. Further weighing on the prices was a better crop outlook as favorable weather conditions boosted hopes of solid yields in top growing regions. Meanwhile, the USDA slashed the world demand projections by 450 thousand bales in its June report, due to lower consumption from Mexico and Bangladesh, the two major producers of clothing. While on the supply side, it revised higher its production estimates to 121.2 million bales in the next harvest season. .

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

Cotton is expected to trade at 107.24 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 118.38 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Cotton



Price Day Month Year
Soybeans 1,662.75 32.25 1.98% -4.00% 22.28%
Wheat 920.25 16.25 1.80% -15.38% 43.85%
Lumber 620.60 9.60 1.57% -5.03% -18.13%
Cheese 2.35 0.0020 0.09% -2.65% 42.74%
Palm Oil 4,989.00 67.00 1.36% -19.95% 40.42%
Milk 24.34 0.01 0.04% -3.41% 41.59%
Cocoa 2,371.00 -26.00 -1.08% -5.01% 0.85%
Cotton 103.00 1.00 0.98% -25.89% 19.09%
Rubber 262.00 2.00 0.77% 5.22% 10.92%
Orange Juice 176.25 8.10 4.82% -0.62% 51.48%
Coffee 221.25 -4.75 -2.10% -4.32% 38.54%
Oat 631.00 12.0000 1.94% -10.24% 67.26%
Wool 1,474.00 0 0% 3.80% 0.41%
Rice 16.18 0.0950 0.59% -7.55% 22.08%
Canola 892.00 -9.10 -1.01% -24.80% 10.19%
Sugar 18.49 0.19 1.04% -4.69% 7.31%
Tea 2.77 0 0% 3.75% 4.14%
Corn 760.00 15.7500 2.12% -2.09% 9.43%


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
103.00 102.00 227.00 5.66 1913 - 2022 USd/Lbs Daily