What it is
The fibre that surrounds the seeds of the cotton plant, spun into yarn for clothing and household textiles. The seed left over is crushed for oil and animal feed.
How it is usually quoted
US cents per pound.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
ICE (New York).
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Weather in Texas and the timing of the monsoon in India
- Demand for clothing, which follows household spending
- The price of polyester, which is made from oil and competes with it
- China’s imports and its state reserve
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
China, India, the United States, Brazil, Pakistan, Australia and Uzbekistan.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Cotton is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.