ICE cotton dips despite lower planting forecast, dollar weighs heavily
ICE cotton futures fell slightly on Tuesday due to a stronger US dollar, which made US cotton more expensive for global buyers. However, losses were limited as the USDA reported a lower-than-expected US cotton planting area for 2025. Market sentiment was also influenced by cautious trading ahead of tariff announcements and movements in the CBOT grain market.
ICE cotton futures fell slightly on Tuesday due to a stronger US dollar, which made US cotton more expensive for global buyers.
However, losses were limited as the USDA reported a lower-than-expected US cotton planting area for 2025.
Market sentiment was also influenced by cautious trading ahead of tariff announcements and movements in the CBOT grain market.
