ICE cotton futures weakened Wednesday due to a stronger dollar, lower crude oil prices, and sluggish demand ahead of US export and WASDE reports.
The March 2025 contract settled at 68.23 cents, down 0.28 cents.
Trading volume hit 35,598 contracts, a 2025 high.
Dollar strength and cheaper crude pressured cotton.
Prices are expected to range between 65–72 cents.
The March 2025 contract settled at 68.23 cents, down 0.28 cents.
Trading volume hit 35,598 contracts, a 2025 high.
Dollar strength and cheaper crude pressured cotton.
Prices are expected to range between 65–72 cents.