ICE cotton futures declined for the third day due to a stronger US dollar and speculative selling, with farmers’ sales adding pressure.
The March 2025 contract hit a low at 66.66 cents/lb.
Crude oil fluctuations and rising inventories weighed on cotton demand.
Analysts expect stabilisation as broader markets remain strong, with corn and soyabean prices rising.
The March 2025 contract hit a low at 66.66 cents/lb.
Crude oil fluctuations and rising inventories weighed on cotton demand.
Analysts expect stabilisation as broader markets remain strong, with corn and soyabean prices rising.