US: ICE Cotton Settles at 64.14 cents as Global Supply Tightens

On the Intercontinental Exchange, the May cotton contract settled at 64.14 cents per pound, gaining 0.38 cent, supported by stronger crude oil and soybean prices.

Crude oil rose around 2% to a six-month high, reducing polyester’s cost competitiveness and offering support to cotton.

Trading volume eased to 66,490 contracts, while overall open interest declined for a ninth straight session.

At the United States Department of Agriculture 102nd Agricultural Outlook Forum, global 2026–27 production is projected at 116.0 million bales, down about 3%.

Global consumption is forecast at 120.1 million bales, exceeding output and tightening ending stocks to 71.2 million bales.