ICE cotton recovers on weaker dollar, but crude oil prices cap gains
ICE cotton futures rebounded after a sharp decline, aided by a weaker US dollar, which made cotton purchases more affordable. However, falling crude oil prices limited gains as polyester became more competitive. Cotton prices remained near a four-year low due to tariff concerns. Traders await the USDA’s export sales report for demand clarity.
ICE cotton futures rebounded after a sharp decline, aided by a weaker US dollar, which made cotton purchases more affordable.
However, falling crude oil prices limited gains as polyester became more competitive.
Cotton prices remained near a four-year low due to tariff concerns.
Traders await the USDA’s export sales report for demand clarity.
