Cotton QuickTake August 24, 2026

Cotton enters the final full week of August with momentum on its side after posting its fifth consecutive weekly gain. 

AI-assisted narration and summarization based on original reporting and data from PCCA.

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Welcome to Cotton Quick Take by PCCA, your short weekly update on the factors shaping cotton markets and the broader agricultural economy. Thanks for joining us. Let's take a quick look at what's moving the market this week. Cotton enters the final full week of August with momentum after posting its fifth consecutive weekly gain. December futures settled at 88.35 cents per pound, up 355 points for the week after breaking through late May highs. Carlos Garcia, PCCA's Director of Sales, has provided some insight about the weather, its impact on the crop, and what we should expect moving forward.

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Weather remains a key driver as the U.S. crop conditions declined for the third straight week as drought expanded across the cotton belt, including much of Texas, Oklahoma, and Kansas, with hot and dry conditions expected to continue. Monday's crop progress report will offer the next look at the crop as it moves closer to the finish line.

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Fund buying and strength across commodities have also supported cotton. A weaker dollar and firmer crude oil have helped bring money back into agricultural markets. However, increasingly crowded positioning could leave cotton vulnerable to a pullback. Demand is showing some encouraging signs as well. Upland net sales totaled 209,400 bales, while exports reached 222,000 bales.

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China's reserve auctions also remain strong, selling out for the 24th consecutive session.com slash cashmarketing. Again, that's pcca.com slash cashmarketing.

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Looking ahead, outside markets could play a larger role during a relatively light cotton week. The dollar, crude oil, and broader commodity movement will remain important as the market looks to hold its recent breakout. Thanks for listening to Cotton Quick Take by PCCA. Be sure to join us next week for another quick update on the markets and the stories shaping the cotton industry.