ICE cotton futures remained under pressure as rising certified stocks and speculative liquidation weighed on sentiment.
July futures slipped to 73.30 cents/lb, while December posted slight gains.
Trading volume exceeded 106,000 contracts, reflecting heavy fund unwinding.
Improved US crop conditions and ample certified stocks kept the outlook bearish, especially for nearby contracts.
July futures slipped to 73.30 cents/lb, while December posted slight gains.
Trading volume exceeded 106,000 contracts, reflecting heavy fund unwinding.
Improved US crop conditions and ample certified stocks kept the outlook bearish, especially for nearby contracts.