0.79 0.01 1.78%
09:51:00 PM MI Indication


Commodity Snapshot

0.78
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0.78
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Day Low
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Day High
0.79
0.70
52 Week Low
1.57
52 Week High
0.79

Historical Prices for Cotton

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Unit conversion for Cotton Price Today

Conversion Cotton Price Price
1 Pound ≈ 0,453 Kilograms Cotton Price Per 1 Kilogram 1.72 USD
1 Pound = 16 Ounces Cotton Price Per 1 Ounce 0.05 USD

Agriculture

Name Price % Unit Date
Cotton 0.79 1.78 USD per lb. 3/19/23 09:51 PM
Oats 3.48 0.43 USD per Bushel 3/17/23 02:20 PM
Lumber 452.40 3.15 USD per 1.000 board feet 3/17/23 04:05 PM
Coffee 1.82 2.68 USD per lb. 3/17/23 11:23 AM
Cocoa 2,103.00 -2.05 GBP per Ton 3/17/23 12:55 PM
Live Cattle 1.62 0.05 USD per lb. 3/17/23 02:05 PM
Lean Hog 0.80 0.57 USD per lb. 3/17/23 02:05 PM
Corn 6.31 -0.59 USD per Bushel 3/19/23 09:50 PM
Feeder Cattle 1.89 -0.41 USD per lb. 3/17/23 02:05 PM
Milk 18.06 0.17 USD per cwt.sh. 3/17/23 02:15 PM
Orange Juice 2.43 0.39 USD per lb. 3/17/23 02:00 PM
Palm Oil 4,069.00 -0.37 MYR per Ton 3/17/23 06:00 AM
Rapeseed 467.50 -1.06 EUR per Ton 3/17/23 01:30 PM
Rice 17.12 -0.29 USD per cwt. 3/19/23 09:44 PM
Soybean Meal 466.30 0.19 USD per Ton 3/19/23 09:51 PM
Soybeans 14.73 -0.22 USD per Bushel 3/19/23 09:51 PM
Soybean Oil 0.57 -0.30 USD per lb. 3/19/23 09:48 PM
Wheat 266.25 -1.21 EUR per Ton 3/17/23 01:30 PM
Sugar 0.21 -0.34 USD per lb. 3/17/23 01:00 PM

Cotton

Cotton is a natural fibre and is the world’s most important textile raw material. Cotton is named after the seeds of the cotton plant, around which the fibre grows in balls. Cotton has been used to manufacture textiles in Asia since 3,000 B.C. via India, China and Byzantium cotton finally made its way to Western Europe, but it was not until the 14th century that cotton was processed for the first time in Germany by the Fugger family of merchants in Augsburg. (read more)

Clothing made from cotton was not produced on a large scale in Germany until the mechanisation of the textile industry in the 19th century, however. Today the fibre is still the most important raw material used in textile production.

This is due to the specific structure of the cotton fibres, which is very well suited to textile production. The quality of the cotton increases as the length, thinness and strength of the cotton fibres increase. The seed fibres must first be processed into thread before they can be used to manufacture clothing in pure form or in blended fabrics such as viscose or linen. Cotton is not only used in clothing, but also for medical products.

The most important cotton producers are China, the USA, India and Pakistan. In Europe the only country with a cotton production industry worthy of note is Greece. The largest exports of cotton go to China and Indonesia. The steadily increasing supply of cotton has led to a drop in prices in recent years. From over 100 cents in 1995 the price has dropped to below 30 cents in recent years, and is now at the level of the last global economic crisis.

The most important trading venues for trading in cotton are the New York Board of Trade (New York Cotton Exchange), the Central Japan Commodity Exchange, the Osaka Mercantile Exchange and the Bolsa der Mercadorias & Futuros.