# Why cotton prices are soaring

> ICE cotton futures traded above $1.48 per pound, their highest since 2011, amid severe West Texas drought and continued Chinese demand for US supplies. Higher oil prices and farmers switching acreage to soybeans and corn are also cited.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/41961-why-cotton-prices-are-soaring
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight US cotton supply and acreage shifts to competing crops support cottonseed meal and cottonseed values, while higher energy costs add to input pressure.

## Read by commodity

- CSM: bullish ▲
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-20 | [Wheat’s Drought Battle and Surging Demand: Why Prices Are Flying - Bloomberg](https://feedsoft.ai/events/50682-wheat-s-drought-battle-and-surging-demand-why-prices-are-flying-bloomberg.md) | +5.4% | +11.4% |
| CORN | 2025-05-29 | [Tariff Tangles Ignored: Why Corn and Soybeans Are Sticking to Weather, Not Washington, for Price Direction](https://feedsoft.ai/events/24701-tariff-tangles-ignored-why-corn-and-soybeans-are-sticking-to-weather-not.md) | -1.0% | -6.3% |
| CORN | 2022-10-05 | [Why are the Corn and Soybean Crops Drying So Slowly? - farmdoc](https://feedsoft.ai/events/13321-why-are-the-corn-and-soybean-crops-drying-so-slowly-farmdoc.md) | +0.9% | +1.2% |
| CORN | 2018-01-19 | [DDG Prices Remain Strong](https://feedsoft.ai/events/12097-ddg-prices-remain-strong.md) | +0.7% | +2.0% |
| CORN | 2026-04-28 | [Corn, sorghum crops fare well in areas with moisture; prices looking up - AgriLife Today](https://feedsoft.ai/events/19796-corn-sorghum-crops-fare-well-in-areas-with-moisture-prices-looking-up-agrilife.md) | +1.8% | +1.6% |
| SOY | 2025-05-29 | [Tariff Tangles Ignored: Why Corn and Soybeans Are Sticking to Weather, Not Washington, for Price Direction](https://feedsoft.ai/events/24701-tariff-tangles-ignored-why-corn-and-soybeans-are-sticking-to-weather-not.md) | -0.3% | -2.5% |
| SOY | 2022-10-05 | [Why are the Corn and Soybean Crops Drying So Slowly? - farmdoc](https://feedsoft.ai/events/13321-why-are-the-corn-and-soybean-crops-drying-so-slowly-farmdoc.md) | -0.5% | +3.8% |
| SOY | 2023-03-01 | [Soybean Crush Product Prices Switch Again](https://feedsoft.ai/events/37367-soybean-crush-product-prices-switch-again.md) | +2.3% | -1.5% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/why-cotton-prices-are-soaring-193152713.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.