Cotton

The Cotton No. 2 futures contract is a physically settled instrument on the commodity market, used for hedging risks and speculative trading in the agricultural sector and textile industry, traded on the ICE exchange with delivery from designated countries and serving as a price benchmark for the global cotton market. In December 2025, prices ranged from 61.67 cents/pound to 64.46 cents/pound with an average level of 63.82 cents/pound. The price is based on continuous physically settled futures of strict low middling quality cotton, also known as Cotton No. 2, with physical delivery carried out in ICE designated countries FOB.