ICE cotton futures declined amid falling crude oil and CBOT soybean prices, with crude oil making polyester more competitive.
March 2025 cotton settled at 67.27 cents/lb, down 0.34 cents.
Brazil’s 2024-25 cotton forecast fell to 3.79 million tonnes due to reduced Mato Grosso acreage.
Subdued trading volume, bearish sentiment, and stable inventory levels persist.