ICE cotton falls on strong dollar, weak crude oil
ICE cotton futures fell on Tuesday as a stronger US dollar and declining crude oil prices pressured demand. A firm dollar made US cotton less affordable for global buyers, while cheaper crude reduced polyester costs, increasing competition. Bearish sentiment in commodities, rising speculative short positions, and lack of strong catalysts are keeping prices range-bound between 64.50–67.50 cents.
ICE cotton futures fell on Tuesday as a stronger US dollar and declining crude oil prices pressured demand.
A firm dollar made US cotton less affordable for global buyers, while cheaper crude reduced polyester costs, increasing competition.
Bearish sentiment in commodities, rising speculative short positions, and lack of strong catalysts are keeping prices range-bound between 64.50–67.50 cents.
