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ICE cotton retreat from 4-month high on strong dollar, Texas rains
ICE cotton futures eased on Friday after hitting a four-month high, pressured by a stronger US dollar and improved crop prospects due to rainfall in Texas. The July 2025 contract settled at 68.80 cents per pound, down 0.37 cent, though it posted a weekly gain of 167 points. Overall, major active contracts ended the week higher, despite Friday’s weaker close and subdued global demand.
ICE cotton futures eased on Friday after hitting a four-month high, pressured by a stronger US dollar and improved crop prospects due to rainfall in Texas.
The July 2025 contract settled at 68.80 cents per pound, down 0.37 cent, though it posted a weekly gain of 167 points.
Overall, major active contracts ended the week higher, despite Friday’s weaker close and subdued global demand.
