Cotton futures traded above 82 cents per pound, reaching a more than two-month high as investors took profits following last week's rally and lower crude oil prices weighed on demand. Cotton speculators reduced their net long position by around two thousand contracts, adding to selling pressure. Lower oil prices also made synthetic fibers such as polyester relatively cheaper, reducing cotton's competitiveness. However, downside pressure remained limited by persistent weather-related supply concerns. USDA's weekly crop progress report showed that 42% of US cotton crops were in good condition, compared to 46% a week earlier. In India, below-average monsoon rainfall is forecast to continue through August, threatening crop yields. Meanwhile, in Brazil, cotton production is projected to decline 1.5% in 2027 despite a 4.4% increase in planted area, as El Niño-related dryness is expected to strengthen through September, reducing yields.
Cotton rose to 84.40 USd/Lbs on August 8, 2026, up 1.49% from the previous day. Over the past month, Cotton's price has risen 4.68%, and is up 29.02% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Cotton reached an all time high of 227.00 in March of 2011. Cotton - data, forecasts, historical chart - was last updated on August 9 of 2026.
Cotton rose to 84.40 USd/Lbs on August 8, 2026, up 1.49% from the previous day. Over the past month, Cotton's price has risen 4.68%, and is up 29.02% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cotton is expected to trade at 85.24 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 90.22 in 12 months time.