Cotton Futures Hover Around 1-Week Low
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Cotton futures are currently at a one-week low of 64.6 cents per pound, influenced by a strong dollar. Recent data shows a rebound in US cotton export sales for the week ending January 8, 2026, indicating renewed demand. The USDA's January report highlights tightening supply conditions for the 2025/26 season, with global consumption up by over 300,000 bales, despite reductions in Turkey and Nicaragua. Global production is expected to decline by over 350,000 bales, with US production lowered by more than 2% to 13.9 million bales due to weaker yields in the Delta.
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