Cotton Price Forecast for December 2025: USDA Lowers U.S. Price Outlook as ICE Futures Grind Sideways
U.S. spot cotton averaged 60.33 cents/lb for the week ending Dec. 11, while the ICE March 2026 contract settled at 63.97 cents/lb. The Cotlook A Index stood at 73.95 cents/lb on Dec. 12. USDA raised 2025/26 U.S. production to 14.3 million bales and cut mill use to 1.6 million bales, projecting ending stocks at 4.5 million bales and a season-average farm price of 60 cents/lb.