ICE cotton futures rebounded after a sharp decline, aided by a weaker US dollar, which made cotton purchases more affordable.
However, falling crude oil prices limited gains as polyester became more competitive.
Cotton prices remained near a four-year low due to tariff concerns.
Traders await the USDA’s export sales report for demand clarity.
However, falling crude oil prices limited gains as polyester became more competitive.
Cotton prices remained near a four-year low due to tariff concerns.
Traders await the USDA’s export sales report for demand clarity.