Cotton futures continued the upward momentum in December, strengthening above 73 cents a bushel for the first time since May of 2019 as optimism over coronavirus vaccine rollout bolstered hopes for a swifter economic recovery, and brightened the outlook for cotton demand.
Historically, Cotton reached an all time high of 1349 in September of 2020. Cotton - data, forecasts, historical chart - was last updated on December of 2020.
Cotton is expected to trade at 74.17 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 66.20 in 12 months time.