ICE cotton futures rose for a fourth straight session, driven by short covering, technical buying, and a weaker US dollar.
Weather concerns across key US cotton-growing regions also supported prices.
However, declining open interest and below-average trading volumes suggest the rally remains cautious and liquidation-driven rather than backed by strong demand fundamentals.
Weather concerns across key US cotton-growing regions also supported prices.
However, declining open interest and below-average trading volumes suggest the rally remains cautious and liquidation-driven rather than backed by strong demand fundamentals.