ICE cotton futures show mixed trend, market awaits WASDE report
ICE cotton futures showed a mixed trend on Monday. The May 2025 contract declined due to a stronger US dollar and lower crude oil prices, making cotton less attractive for buyers. Other contracts saw gains of 6 to 49 points. Concerns persist over US trade policies, while crude oil and currency fluctuations continue to influence cotton prices. Traders await the WASDE report for market direction.
ICE cotton futures showed a mixed trend on Monday.
The May 2025 contract declined due to a stronger US dollar and lower crude oil prices, making cotton less attractive for buyers.
Other contracts saw gains of 6 to 49 points.
Concerns persist over US trade policies, while crude oil and currency fluctuations continue to influence cotton prices.
Traders await the WASDE report for market direction.
