ICE cotton futures hit six-week high on lower US planting outlook
ICE cotton futures climbed to a six-week high on Tuesday, fuelled by lower-than-expected US planting estimates from the USDA. The May 2025 contract rose to 68.25 cents per pound, with strong trading volumes noted. However, not all contracts followed the upward trend. Traders are awaiting clarity on US tariff policies. CBOT agricultural futures also closed higher.
ICE cotton futures climbed to a six-week high on Tuesday, fuelled by lower-than-expected US planting estimates from the USDA.
The May 2025 contract rose to 68.25 cents per pound, with strong trading volumes noted.
However, not all contracts followed the upward trend. Traders are awaiting clarity on US tariff policies.
CBOT agricultural futures also closed higher.
