ICE cotton futures edged higher for the second day on Monday, supported by a weaker US dollar that made cotton more attractive to overseas buyers.
However, gains were capped by falling crude oil prices, which reduce polyester production costs.
Lighter trading volumes were noted due to holidays in key markets.
The USDA reported 21 per cent of the US cotton crop planted, ahead of the 5-year average.
However, gains were capped by falling crude oil prices, which reduce polyester production costs.
Lighter trading volumes were noted due to holidays in key markets.
The USDA reported 21 per cent of the US cotton crop planted, ahead of the 5-year average.