ICE cotton continues to gain on rising crude oil, dollar caps
ICE cotton futures gained on Wednesday, supported by rising crude oil, though a stronger dollar discouraged buying. The March 2025 contract settled at 67.40 cents per pound, up 0.86 cents. Traders are rolling positions ahead of the February 24 delivery. The USDA kept US cotton exports at 11 million bales. Cotton prices fell 1.44 per cent in 2025. Currently, March 2025 cotton trades at 67.46 cents.
ICE cotton futures gained on Wednesday, supported by rising crude oil, though a stronger dollar discouraged buying.
The March 2025 contract settled at 67.40 cents per pound, up 0.86 cents.
Traders are rolling positions ahead of the February 24 delivery.
The USDA kept US cotton exports at 11 million bales.
Cotton prices fell 1.44 per cent in 2025.
Currently, March 2025 cotton trades at 67.46 cents.
