ICE cotton gains as crude oil rises, but strong dollar caps growth
ICE cotton futures gained on Monday, supported by rising crude oil prices, though capped by a stronger US dollar. Yesterday, March 2025 cotton settled at 66.54 cents/lb, while other contracts also traded higher. The USDA Weekly Export Report showed strong shipments, with traders eyeing demand from China and Turkiye. CBOT soyabean, corn, and wheat fell on tariff concerns.
ICE cotton futures gained on Monday, supported by rising crude oil prices, though capped by a stronger US dollar.
Yesterday, March 2025 cotton settled at 66.54 cents/lb, while other contracts also traded higher.
The USDA Weekly Export Report showed strong shipments, with traders eyeing demand from China and Turkiye.
CBOT soyabean, corn, and wheat fell on tariff concerns.
