Despite short-term market noise, the cotton market remains structurally weak, with stable physical prices masking a deeper imbalance driven by oversupply, rising costs, and continued reliance on subsidies. This report examines the factors contributing to this trend, offering an in-depth analysis of cotton futures markets in New York and China, alongside international price movements by origin. The report also evaluates the domestic cotton markets in key producing and consuming nations, including China, India, Pakistan, Turkey, and Brazil. For further research and insight, daily and historical data are available for download, providing a valuable resource for stakeholders in the cotton industry.