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ICE cotton gains as Trump softens stance on China tariffs
ICE cotton futures rose yesterday, boosted by US President Trump's plan to ease tariffs on Chinese goods, which improved market sentiment. The July 2025 contract closed at 69.03 cents per pound, up 1.81 cents, while the back contracts saw mixed results. Trading volume surged, and stronger directional trading was noted. Fed's support and Trump’s stance further reinforced cotton prices.
ICE cotton futures rose yesterday, boosted by US President Trump's plan to ease tariffs on Chinese goods, which improved market sentiment.
The July 2025 contract closed at 69.03 cents per pound, up 1.81 cents, while the back contracts saw mixed results.
Trading volume surged, and stronger directional trading was noted.
Fed's support and Trump’s stance further reinforced cotton prices.
