ICE cotton jumps on trade deal hopes, rising stock markets

ICE cotton futures rebounded sharply on Friday, supported by rising stock markets, stronger soybean prices, and optimism over potential trade agreements easing tensions. The July 2025 contract rose by 2.75 cents to 68.41 cents per pound but ended the week down 0.6 per cent. USDA data showed 21 per cent of US cotton-growing areas remain drought-affected, unchanged from the previous week.

May 3, 2025 - 08:21
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ICE cotton jumps on trade deal hopes, rising stock markets
ICE cotton futures rebounded sharply on Friday, supported by rising stock markets, stronger soybean prices, and optimism over potential trade agreements easing tensions. The July 2025 contract rose by 2.75 cents to 68.41 cents per pound but ended the week down 0.6 per cent. USDA data showed 21 per cent of US cotton-growing areas remain drought-affected, unchanged from the previous week.