ICE cotton futures declined on Wednesday after hitting a three-week high, pressured by a stronger dollar and profit-taking.
The May 2025 contract settled at 67.68 cents per pound, down 1.14 cents.
Analysts noted selling pressure after recent gains, with support at 67-68 cents and resistance at 70 cents.
Traders await the USDA’s export sales report for demand insights.
The May 2025 contract settled at 67.68 cents per pound, down 1.14 cents.
Analysts noted selling pressure after recent gains, with support at 67-68 cents and resistance at 70 cents.
Traders await the USDA’s export sales report for demand insights.