Cotton futures at ICE briefly hit a near 25-week low of $1.13 per pound before settling at $1.14 on Friday, pressured by prospects of weak consumption amid mounting concerns over a possible recession. As the central banks are raising rates to fight inflation, the slowdown in economic activity and consumption is unavoidable. Adding to woes, the outlook in top consumer China remains clouded by continued lockdowns. Meanwhile, the USDA’s demand projections were slashed by 450 thousand bales in its June report, due to lower consumption from Mexico and Bangladesh, which are the major producers of clothing. On the supply side, USDA revised higher its production estimates to 121.2 million bales in the next harvest season as output is expected to increase among major producers.

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 146.89 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 157.72 in 12 months time.

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Cotton



Price Day Month Year
Soybeans 1,610.75 17.50 1.10% -4.18% 21.13%
Wheat 923.75 -13.50 -1.44% -19.55% 45.02%
Lumber 608.60 -8.40 -1.36% -6.63% -21.90%
Cheese 2.35 0.0010 0.04% -2.74% 42.61%
Palm Oil 4,664.00 -80.00 -1.69% -26.93% 32.50%
Milk 24.33 0.04 0.16% -3.11% 41.62%
Cocoa 2,397.00 18.00 0.76% -0.42% 1.96%
Cotton 103.76 -32.56 -23.89% -28.52% 20.05%
Rubber 270.00 0 0% 7.70% 12.64%
Orange Juice 164.15 -2.05 -1.23% -5.88% 37.83%
Coffee 226.60 -5.85 -2.52% 4.40% 44.10%
Oat 597.00 -1.2500 -0.21% -12.30% 58.15%
Wool 1,474.00 0 0% 3.80% 0.41%
Rice 16.06 -0.0600 -0.37% -5.97% 22.09%
Canola 882.50 2.30 0.26% -23.50% 10.46%
Sugar 18.37 -0.01 -0.05% -6.66% 8.70%
Tea 2.77 0 0% 3.75% 4.14%
Corn 750.25 3.5000 0.47% -2.85% 17.87%


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
103.76 136.32 227.00 5.66 1913 - 2022 USd/Lbs Daily