ICE cotton futures rise on supply concerns and weak dollar
ICE cotton futures hit a three-week high as supply concerns rose due to delaying US harvesting. A weaker dollar made US cotton more affordable for global buyers. The May 2025 contract settled at 68.82 cents per pound, with strong trading volume. US cotton acreage is expected to decline by 14.5 per cent in 2025. Speculators also reduced their net short positions, supporting market strength.
ICE cotton futures hit a three-week high as supply concerns rose due to delaying US harvesting.
A weaker dollar made US cotton more affordable for global buyers.
The May 2025 contract settled at 68.82 cents per pound, with strong trading volume.
US cotton acreage is expected to decline by 14.5 per cent in 2025.
Speculators also reduced their net short positions, supporting market strength.
