ICE cotton drops on favourable US weather, grain market pressure
ICE cotton fell on April 14, due to favourable US weather, weaker grain markets, and subdued demand expectations for the remainder of 2024–25 season. July and December contracts dropped over 1.5 cents. Analysts cite improved US crop prospects and tariff uncertainties as key pressures. Cotton planting in US reached 5 per cent, while Brazil exported over 103,000 tonnes of cotton in first half of April.
ICE cotton fell on April 14, due to favourable US weather, weaker grain markets, and subdued demand expectations for the remainder of 2024–25 season.
July and December contracts dropped over 1.5 cents. Analysts cite improved US crop prospects and tariff uncertainties as key pressures.
Cotton planting in US reached 5 per cent, while Brazil exported over 103,000 tonnes of cotton in first half of April.
