Cotton No 2
View indicative pricing and leverage information for Cotton No 2
Cotton No 2 insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
| Pivot point | 9274.2 |
| Bid | |
| Offer | |
| Distance |
| High | 9374 |
| Low | 9205.5 |
| Close | 9243 |
| S1 | 9174.3 |
| S2 | 9105.7 |
| S3 | 9005.8 |
| R1 | 9342.8 |
| R2 | 9442.7 |
| R3 | 9511.3 |
Last updated 8/28/2026, 6:20:00 PM
| Pivot point | 9139 |
| Bid | |
| Offer | |
| Distance |
| High | 9374 |
| Low | 8800 |
| Close | 9243 |
| S1 | 8904 |
| S2 | 8565 |
| S3 | 8330 |
| R1 | 9478 |
| R2 | 9713 |
| R3 | 10052 |
Last updated 8/28/2026, 6:20:00 PM
| Pivot point | 8066.5 |
| Bid | |
| Offer | |
| Distance |
| High | 8323.2 |
| Low | 7655.1 |
| Close | 8221.3 |
| S1 | 7809.9 |
| S2 | 7398.4 |
| S3 | 7141.8 |
| R1 | 8478 |
| R2 | 8734.6 |
| R3 | 9146.1 |
Last updated 7/31/2026, 6:20:00 PM
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
Economic calendar
Cotton No 2 overview
Cotton is the primary textile for clothing production but has extensive uses in home furnishings and medical supplies. Cotton production requires a warm, semi-arid climate and large amounts of water.
Cotton No 2 is the name of futures contract that is considered the benchmark for all futures and options contracts traded on the New York (NYMX) and Chicago Mercantile Exchanges (CME). The market is used as the benchmark contract for all global cotton markets. The contract size for cotton is 50,000 pounds, approximately 100 bales of the soft commodity.
The biggest cotton producers are China, India and the United States, with the United States accounting for 40% of all cotton exports.
| Margin from | 10.0 % |
| Min trade size | 1 |
| Long | 0 |
| Short | 0 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.1 Points |
Spreads
| Spreads from | 10.0 Points |
Margins
| 0 - 150 | 10.0 % |
| 150 + | 24.0 % |
Dealing
| Spreads from | 10.0 Points |
Margins
| 0 - 150 | 10.0 % |
| 150 + | 24.0 % |
Commodities explained
How do I calculate margin when trading commodities?
Margin is calculated by applying the required margin percentage to the total value of a position.
For example, a position worth 5,000 with a 10% margin requirement would require 500 in margin.
The total position value depends on the instrument used, such as CFDs or spread betting.
Learn more about how to trade commodities.
Can anyone trade commodities?
Commodity trading is available to individuals who meet the requirements to open a StoneX Trading account.
As leveraged products are typically used, trading commodities involves a higher level of risk compared to traditional investing.
With StoneX Trading, you can trade commodities alongside stocks, indices, forex and more – all on a single platform with one login. All StoneX Trading clients get access to our full range of commodities, including 25+ commodities.
To get started, open your trading account.
Is commodity trading suitable for beginners?
Commodity trading can be suitable for beginners, provided the risks are understood and a clear trading approach is in place.
A demo account can be used to practise trading with virtual funds before moving to live markets.