ICE cotton prices declined on Thursday due to a stronger US dollar and pressure from falling agricultural commodities.
Harvest progress reduced hedging pressure, while crude oil recovery limited the price drop.
The US dollar’s rise discouraged foreign buyers, affecting demand.
Trade volume fell, and deliverable inventories increased sharply.
Market focus now shifts to USDA reports.
Harvest progress reduced hedging pressure, while crude oil recovery limited the price drop.
The US dollar’s rise discouraged foreign buyers, affecting demand.
Trade volume fell, and deliverable inventories increased sharply.
Market focus now shifts to USDA reports.