ICE cotton futures rebounded sharply after last week’s steep losses, supported by bullish macro sentiment, a weaker US dollar, stronger grain markets and hopes of improving US-China agricultural trade relations.
July futures gained 3.83 per cent, recovering nearly half of recent losses, while aggressive short-covering and positive commodity sentiment boosted buying interest.
July futures gained 3.83 per cent, recovering nearly half of recent losses, while aggressive short-covering and positive commodity sentiment boosted buying interest.
