ICE cotton slips after two-week high on stronger dollar
ICE cotton futures closed lower on May 7 despite briefly touching a 2-week high, pressured by a stronger dollar and weakness in agricultural markets. The July 2025 contract settled at 67.38 cents/lb. Analysts expect improvement later this year due to reduced planting, a weaker dollar and rising exports. Meanwhile, Brazil’s April cotton exports averaged 11,957.26 tons/day, up 9 per cent year-on-year.
ICE cotton futures closed lower on May 7 despite briefly touching a 2-week high, pressured by a stronger dollar and weakness in agricultural markets.
The July 2025 contract settled at 67.38 cents/lb.
Analysts expect improvement later this year due to reduced planting, a weaker dollar and rising exports.
Meanwhile, Brazil’s April cotton exports averaged 11,957.26 tons/day, up 9 per cent year-on-year.
