ICE cotton prices rose due to concerns over potential crop damage from Tropical Storm Francine and a significant drop in US crop ratings.
However, gains were limited by weak crude oil prices.
USDA’s crop progress report showed a decline in cotton quality and a slow harvest rate, supporting an upward price trend.
Traders await the WASDE report.
However, gains were limited by weak crude oil prices.
USDA’s crop progress report showed a decline in cotton quality and a slow harvest rate, supporting an upward price trend.
Traders await the WASDE report.