Cotton futures price reached $83

Cotton futures price reached $83.65 after a midweek rally in soft commodities. Seasonal export cycles and consistent demand from Turkey’s textile industry are underpinning market optimism for sustained gains. The U.S. dollar index remains sensitive to concerns about tariffs, rising debt levels, and global uncertainty. While the index made a slightly lower low in September, it posted a marginal 0.08% gain for the month, remaining not far above the lowest level since 2022. Favorable weather in April allowed for early planting, but some acres planted in cotton became stunted by excess rainfall. Cotton futures price held at $82.15 after mixed global demand headlines. Traders await India’s monsoon rainfall updates, as these could significantly shape regional production and global supply expectations.