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ICE cotton futures dip on profit booking, Brazilian exports up
ICE cotton futures eased on Monday due to profit booking after a two-week rally. May 2025 contract settled at 66.98 cents per pound, down 0.39 cent, while July futures fell 0.36 cent. A weaker US dollar, rising crude oil, and strong Brazilian exports supported the market. Analysts expect consolidation after recent gains. Brazil’s 2025 cotton planting area and output projections increased slightly.
ICE cotton futures eased on Monday due to profit booking after a two-week rally.
May 2025 contract settled at 66.98 cents per pound, down 0.39 cent, while July futures fell 0.36 cent.
A weaker US dollar, rising crude oil, and strong Brazilian exports supported the market.
Analysts expect consolidation after recent gains.
Brazil’s 2025 cotton planting area and output projections increased slightly.
