ICE cotton prices rose due to crop concerns from Hurricane Helene and a surge in crude oil prices, which made polyester, a cotton alternative, more expensive.
However, gains were limited by a strong US dollar and weak demand.
Experts noted potential crop damage, while demand remained bearish.
Speculators reduced their net short positions, and the US harvested 26 per cent of its cotton crop.
However, gains were limited by a strong US dollar and weak demand.
Experts noted potential crop damage, while demand remained bearish.
Speculators reduced their net short positions, and the US harvested 26 per cent of its cotton crop.