ICE cotton declines further on weaker US exports, bearish commodity
ICE cotton futures extended losses on Thursday, with the July 2025 contract hitting a one-month low at 65.43 cents per pound. Weak US export sales, favourable weather in West Texas, and bearish financial markets pressured prices. USDA data showed new crop sales down 9 per cent week-on-week, with minimal demand from China. Lower crude oil prices also impacted cotton competitiveness against polyester.
ICE cotton futures extended losses on Thursday, with the July 2025 contract hitting a one-month low at 65.43 cents per pound.
Weak US export sales, favourable weather in West Texas, and bearish financial markets pressured prices.
USDA data showed new crop sales down 9 per cent week-on-week, with minimal demand from China.
Lower crude oil prices also impacted cotton competitiveness against polyester.
