Response of U.S. Cotton Export Sales to ICE Cotton Futures Price (Scroll Down for More Discussion)
Discussion
The red line shows daily settlement of nearby ICE cotton futures, in cents per pound. The blue peaks and valleys reflect weekly net export sales, with the latest observations on the right-hand-side for the 2025/26 marketing year, in thousands of running bales. The graph generally shows the expected demand response to fluctuating futures prices for the 2025 crop. Generally, as U.S. prices weaken, export sales (“quantity demanded”) fluctuate higher. The week ending April 16 showed continued weakness in net sales of U.S. upland cotton at 119,900 running bales.
The chart above shows continuous weekly sales across a longer time series, i.e.,. over multiple marketing years. The chart below is shorter version, reflecting the price-export quantity demanded for only the current marketing year. It’s a bit easier to interpret, and it more clearly shows the inverse response of price and export quantity demanded.

