EUR/US$: 1.1542
Cotton Pushes Higher on Tuesday
Barchart: Cotton futures posted gains of 20 to 53 points across most front months on Tuesday, while deferred contracts slipped 27 to 33 points. Crude oil rose $1.10 a barrel, and the dollar index eased slightly. The weekly USDA Crop Progress report showed 65% of the US crop had set bolls as of Sunday, with 10% of bolls opening, while the overall good-to-excellent rating slipped 2 points to 40%, with Texas down 11 points and Georgia up 3. The Cotlook A Index rose 125 points on August 8 to 95.95 cents, ICE certified stocks fell by just over 2,100 bales, and the Adjusted World Price was raised 163 points last week to 66.29 cents/lb. December cotton closed the session at 84.39 cents, up 53 points, with March settling at 86.24 cents.
Source: Barchart
Calcot Market Comment – August 11, 2026
Calcot: Cotton futures nearly recovered Monday's small losses on Tuesday, with the October through July contracts settling 20 to 53 points higher while the rest of the board eased 27 to 33 points lower. December closed at 84.39 cents, up 53 points, erasing all but one point of the prior session's decline after gaining 577 points over the previous three weeks. Volume totaled 44,312 contracts, and open interest rose for a seventh straight session to 346,879 contracts, a move attributed largely to fresh speculative long positions against trade shorts. China's state reserve completed its 17th consecutive sold-out auction, moving about 8,016 tonnes on the day and bringing the 17-day cumulative total to roughly 136,300 tonnes, split about 51% US cotton, 31% Xinjiang cotton and 18% Brazilian. Traders were also positioning ahead of Wednesday's USDA WASDE report and US inflation data, with firmer crude oil on the day adding to inflation concerns.
Source: Calcot
Drought in Xinjiang Boosted Cotton Prices, While the Release of Cotton Reserves Capped the Upside
SunSirs: Domestic Chinese cotton prices strengthened last week, driven mainly by persistent drought in Xinjiang, with the spot price for Grade 3128B lint cotton up 2.93% on the week to 17,952 yuan/tonne as of August 10. Xinjiang's cotton crop is currently in its peak flowering-to-boll-expansion stage, and temperatures above 40°C, in places exceeding 45°C, hit key growing areas of Turpan, Hami and southern Bayingolin from August 3-6, raising concerns about boll shedding and lower yields. Meanwhile, 40,100 tonnes of state reserve cotton sold out completely during the week, at an average price equivalent to 17,663 yuan/tonne for Grade 3128B cotton, bringing the cumulative volume sold this round to just over 120,000 tonnes at a 100% transaction rate. The downstream textile sector remains in a seasonal lull, with yarn mills prioritizing destocking and turning increasingly to the cheaper reserve auctions as raw cotton costs outpace yarn prices and squeeze processing margins.
Source: SunSirs
Brazilian Cotton Exports Grow 21.8% in July
Cultivar: Brazilian cotton exports totaled 155,000 tonnes in July 2026, up 21.8% from the same month last year, according to Brazil's Secex trade data, with export revenue up 27.2% to $264.4 million and the average price up 4.5% to $1.70/kg FOB. Anea president Dawid Wajs called it the second-best July on record, noting the pace should pick up from September as harvesting and processing of the 2025/26 crop advance and more cotton becomes available. Bangladesh was the top destination with 19.3% of shipments, followed by Vietnam, Turkey and Pakistan; Wajs said a temporary Indian tariff exemption on cotton imports is unlikely to boost Brazilian volumes much in the near term given transit times and limited early-season stock. Cotton ranked fourth among Brazil's agricultural exports in July, accounting for 3.35% of the sector's total sales.
Source: Cultivar Magazine
Brazil Cotton Gains New Rail Export Route to Port of Santos
DatamarNews: Logistics operator Brado and grower SLC Agrícola have completed the first multimodal shipment moving cotton from Maranhão to the Port of Santos, opening a new export corridor for the Matopiba region. The inaugural shipment carried 246.2 tonnes of cotton lint by rail from Davinópolis, Maranhão, to Sumaré, São Paulo, before being trucked to Santos for shipment to Southeast Asia, with further shipments expected as the operation is scaled up. The new route relies on Brazil's North-South Railway and gives Matopiba producers, who previously depended mainly on road transport to southern and southeastern ports, an alternative built around the country's busiest port complex. The move comes as Brazil's cotton frontier keeps expanding: the country exported more than 3 million tonnes of cotton in 2025, up 9.1% year-on-year, now accounting for 30.7% of global cotton exports, while planted area has more than doubled over the past two decades to over 2 million hectares, with much of that growth concentrated in Matopiba.
Source: DatamarNews
