ICE cotton slips further amid technical selling ahead of USDA report
ICE cotton futures declined due to technical selling ahead of USDA’s export report, despite expectations of a positive outcome. Weak US dollar failed to boost sentiment. May 2025 contract settled at 67.47 cents per pound, its lowest in 8 sessions. Analysts see potential market stabilisation around 67 cents. Brazil’s record cotton exports and tariff concerns continue to influence market trends.
ICE cotton futures declined due to technical selling ahead of USDA’s export report, despite expectations of a positive outcome.
Weak US dollar failed to boost sentiment.
May 2025 contract settled at 67.47 cents per pound, its lowest in 8 sessions.
Analysts see potential market stabilisation around 67 cents.
Brazil’s record cotton exports and tariff concerns continue to influence market trends.
