ICE cotton prices declined by over 2 per cent due to selling pressure, though a recent Fed rate cut helped limit losses.
Despite some recovery, prices remained weak as traders focused on the Fed meeting.
The market now awaits USDA’s report for further direction.
Cotton prices are expected to stay between 69-73 cents, with open interest slightly down and futures contracts showing mixed movements.
Despite some recovery, prices remained weak as traders focused on the Fed meeting.
The market now awaits USDA’s report for further direction.
Cotton prices are expected to stay between 69-73 cents, with open interest slightly down and futures contracts showing mixed movements.
