ICE cotton futures decline after 3-week high, dollar weighs on prices
ICE cotton futures declined on Wednesday after hitting a three-week high, pressured by a stronger dollar and profit-taking. The May 2025 contract settled at 67.68 cents per pound, down 1.14 cents. Analysts noted selling pressure after recent gains, with support at 67-68 cents and resistance at 70 cents. Traders await the USDA’s export sales report for demand insights.
ICE cotton futures declined on Wednesday after hitting a three-week high, pressured by a stronger dollar and profit-taking.
The May 2025 contract settled at 67.68 cents per pound, down 1.14 cents.
Analysts noted selling pressure after recent gains, with support at 67-68 cents and resistance at 70 cents.
Traders await the USDA’s export sales report for demand insights.
