ICE cotton futures slipped due to selling pressure, weaker crude oil, and a weaker dollar index.
The March 2025 contract settled at 67.50 cents per pound, down by 0.14 cents.
Speculators increased net short positions to 51,936 contracts as of January 7.
Brazil’s cotton production estimates were 3.6998 million tons for 2024-25.
Cotton prices are expected to attract demand in the coming weeks.