October 2025 Cotton Market Recap: Expert Analysis From Dr. O.A. Cleveland

By Cotton Grower Staff|November 5, 2025

Dr. O.A. Cleveland, professor emeritus of Agricultural Economics at Mississippi State University, brings more than 50 years of experience in commodities to his role as a trusted voice in the cotton industry. As an advisor, analyst, and consultant to many of the world’s top cotton organizations, his insights have guided growers and traders alike. For over 20 years, Dr. Cleveland has also delivered weekly market commentary to Cotton Grower readers. Now, to help you stay informed at a glance, we’re introducing a monthly recap featuring key takeaways from his weekly columns. Below are highlights from October 2025, with links to the full articles:

October 6: Possible for 2026: More Cotton Acres, Better Prices?

Summary: U.S. cotton acreage is expected to rise slightly in 2026 as growers respond to historically low carryover stocks and reduced plantings in other major producing countries. These factors could help support modest price improvements after a difficult year, though significant gains will depend on stronger global demand. Without an increase in consumption, prices are not expected to move much beyond the mid-70-cent range. Even so, low supplies and steady domestic production may help create a more balanced, stable market going into the 2026 season. Read the full commentary from Dr. O.A. Cleveland here.

October 13: Cotton Futures Should See Improvement By the New Year

Summary: Cotton futures appear to have reached the bottom of a long-term trading range after dipping to around 63 cents per pound, signaling potential improvement heading into the new year. Prices are expected to stabilize with slight upward movement toward 65 to 66 cents if market confidence builds, though weak global demand continues to limit significant recovery. Overall, analysts suggest that while the worst may be over, any rebound will likely be slow and modest without stronger demand growth. Read the full commentary from Dr. O.A. Cleveland here.

October 18: Cotton Price Bottom Is In, Time to Watch for Rebound

Summary: The cotton market appears to have found its bottom after prices hit new lows in the 2025–26 marketing year, setting the stage for a potential rebound. While a turnaround isn’t guaranteed and demand remains weak, the December contract’s slip to about 62.71 cents and a supportive open-interest shift suggest a technical floor may be in place. Looking ahead, the 2026-27 marketing year offers a stronger basis for price improvement if demand picks up and supply risks materialize. Read the full commentary from Dr. O.A. Cleveland here.

October 27: Cotton Export Business Remains Slow as Prices Settle

Summary: Merchandisers and cooperatives indicate that U.S. cotton export activity remains sluggish even as prices settle around the 64–65 cent range. The recent price stability suggests the market may have found a floor, but mills report thin margins and show little urgency for aggressive purchases. With no major trade breakthrough expected in the near term, upside potential looks limited unless export demand—particularly from China—picks up significantly. Read the full commentary from Dr. O.A. Cleveland here.