ICE cotton down on favourable weather, sluggish consumption growth
ICE cotton futures fell due to favourable US weather, weak stock markets, and lower soybean prices. July 2025 contract dropped to 67.83 cents/lb, with other contracts also down. Analysts expect range-bound trading amid West Texas rains. ICAC forecasts a 7 per cent rise in global cotton production and only a 2 per cent rise in consumption for 2024–25, signalling bearish trends.
ICE cotton futures fell due to favourable US weather, weak stock markets, and lower soybean prices.
July 2025 contract dropped to 67.83 cents/lb, with other contracts also down.
Analysts expect range-bound trading amid West Texas rains.
ICAC forecasts a 7 per cent rise in global cotton production and only a 2 per cent rise in consumption for 2024–25, signalling bearish trends.
