USDA’s July 2025 WASDE report raises global cotton production for 2025–26 to 118.42 million bales, up 1.43 million from June, led by higher output in China, US and Mexico.
Consumption and ending stocks also rose, while imports, exports, and beginning stocks were revised down.
US production is forecast at 14.60 million bales.
The season-average upland price remains unchanged at 62 cents per pound.