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Cleveland on Cotton

Hopefully, Cotton’s Market Low is In Feb 23, 2026 Cotton bulls celebrated Thursday’s close as prices on the nearby March contract eked out a close near 62 cents. Many are proclaiming the market low is in, but I am not one. However, we do hope they are correct.

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PCCA Cotton Market Weekly

FEBRUARY 23, 2026 The Week Ahead Markets head into a quieter data week, but policy headlines and macro signals will continue to drive the tone.

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Basis Comparison of ICS 105 with Cotlook A Index -21-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-21-02-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures-21-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-21-02-2026 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 12-Feb-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 466,300 RB for 2025/2026--a marketing-year high--were up noticeably and up 70 percent from the prior 4-week average.

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PCCA Cotton Market Weekly

FEBRUARY 16, 2026 The Week Ahead Markets enter a holiday-shortened but event-heavy week, with macro data and policy headlines likely to set the tone. U.S. markets are closed today, February 16. When trading resumes tomorrow, it should be back to business as usual.

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Basis Comparison of ICS 105 with Cotlook A Index -16-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-16-02-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures-16-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-16-02-2026 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 05-Feb-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 231,000 RB for 2025/2026 were down 8 percent from the previous week and 23 percent from the prior 4-week average.

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USDA-WASDE

Feb-2026 COTTON: Changes to the 2025/26 U.S. cotton balance sheet are minimal this month with the export projection reduced 200,000 bales on lagging sales and ending stocks raised by the same amount for an ending stocks-to-use ratio of 32 percent. Production, beginning stocks, and mill use are

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Cleveland on Cotton

Cotton Market Singing the Same Old Song Feb 09, 2026 Same song, tenth verse. First notice day is around the corner, and the expiring futures contract, now the March contract, is moving to new lows, a trend the market has witnessed for over a year. Too, the soon-to-be spot month May futures are

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PCCA Cotton Market Weekly

FEBRUARY 9, 2026 The Week Ahead Markets are stepping into a high-impact week, with major macro releases sharing the spotlight with key commodity updates. Between CPI, the delayed jobs report, and fresh supply-and-demand estimates, there’s no shortage of potential catalysts.

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Basis Comparison of ICS 105 with Cotlook A Index -07-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-07-02-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures-07-02-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-07-02-2026 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 29-Jan-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 249,800 RB for 2025/2026 were up 23 percent from the previous week, but down 5 percent from the prior 4-week average.

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Resolution of Tariff issue between India and the United States

RESOLUTION OF TARIFF ISSUE BETWEEN INDIA AND THE UNITED STATES WILL BOOST DEMAND AND BENEFIT THE ENTIRE COTTON AND TEXTILE SECTOR On behalf of the entire Indian cotton trade and industry, the Cotton Association of India (CAI) welcomes the resolution of the tariff issue between India and the Unite

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PCCA Cotton Market Weekly

FEBRUARY 2, 2026 The Week Ahead Risk appetite is cautious to start February, with policy uncertainty and a busy week of data keeping markets on watch.

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Cleveland on Cotton

Cotton Prices Dip Despite Bullish Fundamentals Jan 31, 2026 This week’s apologies go to Rodney Dangerfield: Cotton can’t get any respect. Cotton fundamentals were very good all week with one exception, yet the market moved lower. It didn’t just lower; it recorded a new life of contract low. Ex

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UNION BUDGET 2026-27 IS FUTURISTIC & AIMS AT MAKING INDIA A GLOBAL MANUFACTURING HUB

The Union Budget 2026-27, presented by Smt. Nirmala Sitharaman on February 1, 2026, is designed as a futuristic, growth-oriented blueprint, aimed at establishing India as a global manufacturing hub and securing its position as the world’s third largest economy. The Budget described as Reform Express

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Basis Comparison of ICS 105 with Cotlook A Index - 31-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-31-01-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 31-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-31-01-2026 prepred by CAI for the information of CAI Members

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U.S. EXPORT SALES

For Week Ending 22-Jan-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 203,700 RB for 2025/2026 were down 51 percent from the previous week and 17 percent from the prior 4-week average.

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Basis Comparison of ICS 105 with Cotlook A Index - 27-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-27-01-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with Cotlook A Index - 27-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-27-01-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 27-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-27-1-2026 prepred by CAI for the information of CAI Members.

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PCCA Cotton Market Weekly

JANUARY 26, 2026 The Week Ahead There was no shortage of major developments during last week’s shortened trading week. Markets and politics were active on multiple fronts.

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U.S. EXPORT SALES

For Week Ending 15-Jan-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 412,500 RB for 2025/2026--a marketing-year high--were up 21 percent from the previous week and up noticeably from the prior 4-week average.

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ICA training in India

Trade & Quality Matters in India January 6, 2026 In association with the Cotton Association of India (CAI), the ICA will visit India this March to deliver two ‘Trade & Quality Matters’ training courses:

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Cleveland on Cotton

Cotton Market Settles, Continues to Confound Jan 19, 2026 Flat as prices have remained, the cotton market continues to confound most analysts. March held its 64-cent handle all week, and the new crop December contract held the 68-69 cent area.

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PCCA Cotton Market Weekly

JANUARY 19, 2026 The Week Ahead • The macro picture is mixed this week, despite the shortened trading schedule. Markets are closed today, Monday, January 19, in observance of the MLK holiday.

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Basis Comparison of ICS 105 with Cotlook A Index - 17-01-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-17-01-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 17-1-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-17-01-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with Cotlook A Index - 3-1-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-3-1-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 3-1-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-3-1-2026 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 08-Jan-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 339,700 RB for 2025/2026--a marketing-year high--were up noticeably from the previous week and up 89 percent from the prior 4-week average.

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Cleveland on Cotton

At Last, a Good Week for Cotton Jan 12, 2026 The market settled 126 points higher on the week at 68.68 cents, basis the December 2025 ICE contract. The market pushed above 69 cents several times during the week’s trading but was unable to hold that level at the close of the week’s trading.

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PCCA Cotton Market Weekly

JANUARY 12, 2026 The Week Ahead • The broader macro backdrop turned more cautious over the weekend after reports that the Fed was subpoenaed by the U.S. government, adding another layer of uncertainty to an already volatile policy environment. At the same time, attention is on this week’s WA

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USDA-WASDE

Jan-2026 COTTON: The 2025/26 U.S. cotton balance sheet for January shows lower production and ending stocks compared to December. Beginning stocks, consumption, exports, and imports are unchanged.

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Basis Comparison of ICS 105 with Cotlook A Index - 12-1-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-12-1-2026 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 12-1-2026

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-12-1-2026 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 01-Jan-2026 Net Upland Sales 2025-26 Net sales of Upland totaling 98,000 RB for 2025/2026 were down 27 percent from the previous week and 49 percent from the prior 4-week average.

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Cleveland on Cotton

A Chinese New Year that Lifts Cotton Prices? Jan 05, 2026 The New Year begins a bit brighter than Auld Lang Syne sent out the old one. The idea that China will reduce 2026 cotton plantings worked in favor of higher prices in the new crop December contract. The contract broke above 67 cents, re

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PCCA Cotton Market Weekly

JANUARY 5, 2026 The Week Ahead • Holiday trading carried through year-end as markets looked ahead to 2026. The year started off relatively quiet, but geopolitical tensions between the U.S. and Venezuela could inject some volatility into energy markets.

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U.S. EXPORT SALES

For Week Ending 25-Dec-2025 2025-2026 Net Upland Sales 1,34,000 Upland Shipments 1,40,700 Net Pima Sales 3,100 Pima Shipments 10,900 TOTAL SALES 1,37,100 2026-2027 Net Upland Sales 2,200 Net Pima Sales 00 TOTAL 2,200

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U.S. EXPORT SALES

For Week Ending 18-Dec-2025 2025-2026 Net Upland Sales 1,82,700 Upland Shipments 1,46,900 Net Pima Sales 9,100 Pima Shipments 7,200 TOTAL SALES 1,91,800 2026-2027 Net Upland Sales 900 Net Pima Sales 00 TOTAL 900

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PCCA Cotton Market Weekly

DECEMBER 29, 2025 The Week Ahead • The Santa rally has held so far this week, with improving markets helping breathe some life back into the ag complex. Energy markets also moved higher, as oil prices were supported by cautious optimism around progress on a potential Russia–Ukraine agreement

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Basis Comparison of ICS 105 with Cotlook A Index - 29-12-2025

Tabulation & Chart regarding the Basis Comparison of ICS 105 with Cotlook A Index-29-12-2025 prepred by CAI for the information of CAI Members.

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Basis Comparison of ICS 105 with ICE Futures- 29-12-2025

Tabulation & Chart regarding the Basis Comparison of ICS 105 with ICE Futures-29-12-2025 prepred by CAI for the information of CAI Members.

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U.S. EXPORT SALES

For Week Ending 11-Dec-2025 2025-2026 Net Upland Sales 3,04,700 Upland Shipments 1,34,400 Net Pima Sales 8,900 Pima Shipments 3,600 TOTAL SALES  3,13,600 2026-2027 Net Upland Sales 15,000 Net Pima Sales 00 TOTAL 15,000

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Shurely on Cotton

December Market Reports More Noteworthy for the Things They Don’t Say Dec 22, 2025 USDA’s December supply/demand and crop production numbers didn’t reveal any major changes from the November projections. Here’s a summary of the major numbers:

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