ICE cotton remains flat amid weaker dollar, higher crude oil prices
ICE cotton futures remained mostly flat due to mixed market signals. Prices found support from a weaker US dollar and rising crude oil prices. USDA’s March report projected higher global cotton production, consumption and exports. US cotton prices were supported by reduced acreage and drought conditions. Despite a weaker dollar and strong export demand, high global stock levels kept prices steady.
ICE cotton futures remained mostly flat due to mixed market signals.
Prices found support from a weaker US dollar and rising crude oil prices.
USDA’s March report projected higher global cotton production, consumption and exports.
US cotton prices were supported by reduced acreage and drought conditions.
Despite a weaker dollar and strong export demand, high global stock levels kept prices steady.
