ICE cotton futures recovered as stronger crude oil boosted cotton’s appeal.
Crude oil price rises increased polyester production costs, favouring cotton.
However, the rising US dollar capped cotton price growth.
The trading volume surged, and ICE deliverable stocks remained unchanged.
The ICAC adjusted global cotton production estimates, while USDA delayed its reports.
Crude oil price rises increased polyester production costs, favouring cotton.
However, the rising US dollar capped cotton price growth.
The trading volume surged, and ICE deliverable stocks remained unchanged.
The ICAC adjusted global cotton production estimates, while USDA delayed its reports.