Cotton futures rose Thursday, after the United States and Mexico reported their first-ever cases of COVID, and were up by more than 5 percent.
The futures were up $2.20 to $35.60 per bushel at 8:30 a.m.
They rose about 1.5 percent at $35 a bushel to $38.75 per bushe at 9:30 p.m., while the price of a bushe of cotton futures rose about 3.5% to $39.50.
The rise came as more than 60 states and territories reported their highest levels of COVIS-19 cases and deaths, with more than 4.5 million confirmed cases and 8.5 deaths.
Texas reported its first case of COVI-19 in February, and has since seen an increase in cases.
The Texas Health and Human Services Agency reported that 8,814 people have tested positive for the coronavirus in Texas and that 1,928 of those have died.
The latest case of the coronvirus is the first to be diagnosed in the state since December, according to the Texas Department of State Health Services.
The outbreak has also spread to more than 40 other states, and there have been more than 3,000 confirmed cases in Texas.
More than 1.6 million people in Texas have reported cases of coronaviruses.
The state has had the highest death toll from the virus.