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 July of 2022.

Cotton is expected to trade at 112.66 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 124.40 in 12 months time.

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Cotton



Price Day Month Year
Soybeans 1,626.00 -49.00 -2.93% -5.97% 12.00%
Wheat 827.25 -47.00 -5.38% -21.83% 28.11%
Lumber 657.00 -6.30 -0.95% 9.77% -13.18%
Cheese 2.19 -0.0140 -0.64% -6.58% 35.36%
Palm Oil 4,708.00 -202.00 -4.11% -27.21% 24.25%
Milk 22.42 -0.11 -0.49% -7.81% 33.53%
Cocoa 2,265.00 -26.00 -1.13% -8.85% -1.09%
Cotton 109.00 4.00 3.81% -21.64% 26.70%
Rubber 259.80 -0.80 -0.31% 2.12% 16.50%
Orange Juice 177.10 -2.55 -1.42% -1.75% 42.77%
Coffee 228.45 -5.25 -2.25% -4.11% 47.72%
Oat 677.00 15.7500 2.38% 3.60% 71.61%
Wool 1,430.00 0 0% 1.13% 0.49%
Rice 16.10 -0.3250 -1.98% -5.15% 25.39%
Canola 928.90 29.80 3.31% -21.57% 6.83%
Sugar 18.07 -0.76 -4.04% -6.62% -0.44%
Tea 2.76 0 0% 2.60% -6.76%
Corn 754.50 10.7500 1.45% 3.32% 8.21%


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
109.00 105.00 227.00 5.66 1913 - 2022 USd/Lbs Daily