ICE cotton futures closed higher due to a weaker US dollar, stronger export predictions, and rising crude oil. March 2025 settled at 67.40 cents/lb, May at 68.45 cents.
The dollar fell, making cotton cheaper for overseas buyers.
Trading volume hit the second highest ever.
The USDA kept US production estimate at 14.4 million bales.
Currently, March 2025 trades at 67.48 cents.