Cotton maintains negative pressure on the international market

The international cotton market has maintained its downward trajectory, even in the face of factors that, in theory, could offer some support to prices. According to an analysis by StoneX, the environment remains pressured by predominantly bearish fundamentals, which continue to guide price behavior in the short and medium term. The contract expiring in March 2026 recorded a decline of nearly 1%, after closing the previous session at US¢63.17 per pound-weight. The movement reflected the continuation of an unfavorable scenario, intensified by the devaluation observed in other agricultural commodities. This context ended up overriding the positive effect that could be generated by the drop in the dollar, which traditionally tends to favor assets quoted in the US currency. The market's dynamics have also been influenced by the actions of speculative funds, which continue to expand their short positions. This behavior reinforces the negative bias and opens up space for further ...