Market Outlook

See the latest Cotton & Wool Outlook report.

Global 2024/25 Cotton Stocks Projected Highest in 5 Years

The latest U.S. Department of Agriculture (USDA) cotton projections for 2024/25 (August–July) indicate an increase in world cotton ending stocks to 83.5 million bales, 3 percent above 2023/24 and the highest in 5 years. The gain results from global cotton production expanding more than world mill use for 2024/25. Global cotton production is estimated at 119.1 million bales, nearly 5 percent (5.4 million bales) above 2023/24. Mill use is projected to increase 3.4 percent (3.9 million bales) to 116.9 million bales in 2024/25.

Global cotton trade for 2024/25 is projected marginally higher with the increase in mill demand expectations. Global cotton trade is forecast at 45.0 million bales, 1.5 percent above 2023/24 and the second highest since 2012/13. The leading cotton exporters are the United States and Brazil, where projected exports account for 29 percent and 28 percent, respectively, of the 2024/25 world total. Global cotton prices for 2024/25 are expected to decline for the third consecutive year.

Cotton and Wool Outlook: June 2024 Cotton and Wool Outlook: May 2024 Cotton and Wool Outlook: April 2024 Cotton and Wool Outlook: March 2024 Cotton and Wool Outlook Tables: February 2024

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Shift in Geography of China’s Cotton Production Reshapes Global Market Farm Prices for U.S. Major Field Crops Projected To Decline Adoption of Genetically Engineered Dicamba-Tolerant Cotton Seeds is Prevalent Throughout the United States Grass Cover Crops, Such as Rye and Winter Wheat, Are the Most Common Cover Crops Used Before Planting Corn, Soybeans, and Cotton Hope for Hemp: New Opportunities and Challenges for an Old Crop

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Cotton, Wool, and Textile Data International Baseline Data Adoption of Genetically Engineered Crops in the U.S. Foreign Agricultural Trade of the United States (FATUS) Season-Average Price Forecasts

Cotton and Wool Farm & Commodity Policy Risk Management Commodity Outlook Countries & Regions

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