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ICE cotton rises on short covering, weaker US dollar, rising crude oil

ICE cotton futures rose on Monday, driven by short covering, a weaker US dollar, and stronger crude oil prices. The July 2025 contract saw its first triple-digit gain since May 2, indicating market consolidation. International demand improved as the weaker dollar made cotton cheaper. Trade optimism and OPEC+ decisions also influenced sentiment.

Jun 3, 2025 - 09:50
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ICE cotton rises on short covering, weaker US dollar, rising crude oil
ICE cotton futures rose on Monday, driven by short covering, a weaker US dollar, and stronger crude oil prices. The July 2025 contract saw its first triple-digit gain since May 2, indicating market consolidation. International demand improved as the weaker dollar made cotton cheaper. Trade optimism and OPEC+ decisions also influenced sentiment.
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