ICE cotton slips on profit booking, stronger US dollar
ICE cotton futures declined slightly due to profit booking and a stronger US dollar, which made US cotton less attractive to international buyers. Prices stayed within a tight trading range for the 14th straight session. USDA data showed slower planting progress and weaker crop conditions compared to last year. Rising deliverable stocks signalled sufficient supply.
ICE cotton futures declined slightly due to profit booking and a stronger US dollar, which made US cotton less attractive to international buyers.
Prices stayed within a tight trading range for the 14th straight session.
USDA data showed slower planting progress and weaker crop conditions compared to last year.
Rising deliverable stocks signalled sufficient supply.
