Home > News > Cotton Market Surging on Strong Demand, Tightened Supply

Cotton prices broke through eight-month highs this week, with prices approaching the 75-cent/pound mark, underpinned by fundamental and technical signals like tight supplies and global demand rebounding after the COVID-19 pandemic caused many textile manufacturers to pare down purchases. Recent analysis and harvest reports show USDA’s recent crop estimate may have been as many as 500,000 bales too high, another variable contributing to the price surge. Market-watchers expect a market sell-off in the near future, though the inflection price point remains unclear. See more on the latest “cotton bulls.”

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