Cotton Rallying on Thursday

What: Cotton futures rallied 3.4% on Thursday, March 28, 2026, as global demand increased.
Why: The rally was driven by a 20% decline in global cotton stockpiles, according to the International Cotton Advisory Committee.
Signal: This marks the fifth consecutive day of gains for cotton futures, indicating a strong upward trend.
Target: Analysts are now targeting a price of $1.35 per pound for the end of the quarter.
Risk: However, a potential 10% drop in global textile production could offset the gains and lead to a market correction.