ICE cotton down on weak USDA projections, weaker dollar limits losses
ICE cotton futures declined due to weak USDA supply projections and bearish US production forecasts. US cotton prices have fallen in five of the last six sessions, though a weaker dollar limited further losses. Despite a temporary US-China tariff reduction, markets remained volatile without a concrete trade deal. Analysts warn that continued price weakness may impact market flow.
ICE cotton futures declined due to weak USDA supply projections and bearish US production forecasts.
US cotton prices have fallen in five of the last six sessions, though a weaker dollar limited further losses.
Despite a temporary US-China tariff reduction, markets remained volatile without a concrete trade deal.
Analysts warn that continued price weakness may impact market flow.
