ICE cotton prices rose on expectations of high demand from China after a government stimulus package, alongside concerns about crop damage from Hurricane Helene, which hit key cotton-producing areas in US.
Trading volume increased, while USDA report showed a decline in cotton quality due to weather impact.
Market sentiment was supported by crude oil trends and optimism regarding China’s recovery.
Trading volume increased, while USDA report showed a decline in cotton quality due to weather impact.
Market sentiment was supported by crude oil trends and optimism regarding China’s recovery.