ICE cotton saw slight gains as rising crude oil prices and a weaker dollar provided support.
The December 2024 contract settled at 69.95 cents per pound, up 0.02 cents, with similar small increases noted in other contracts.
Crude oil prices rose by $2.20 per barrel, raising polyester production costs, while a weaker dollar made US cotton more attractive for overseas buyers.
The December 2024 contract settled at 69.95 cents per pound, up 0.02 cents, with similar small increases noted in other contracts.
Crude oil prices rose by $2.20 per barrel, raising polyester production costs, while a weaker dollar made US cotton more attractive for overseas buyers.
