ICE cotton futures fell due to favourable US weather, weak stock markets, and lower soybean prices.
July 2025 contract dropped to 67.83 cents/lb, with other contracts also down.
Analysts expect range-bound trading amid West Texas rains.
ICAC forecasts a 7 per cent rise in global cotton production and only a 2 per cent rise in consumption for 2024–25, signalling bearish trends.
July 2025 contract dropped to 67.83 cents/lb, with other contracts also down.
Analysts expect range-bound trading amid West Texas rains.
ICAC forecasts a 7 per cent rise in global cotton production and only a 2 per cent rise in consumption for 2024–25, signalling bearish trends.
