ICE cotton rose on strong China demand, short covering, and higher crude oil prices, though gains were capped by a stronger dollar making cotton pricier for overseas buyers.
March 2025 settled at 70.77 cents/pound, up 0.34 cents.
Weekly gain hit 2.7 per cent, the largest since September.
Trading volume dipped as the market enters holiday mode.
China led with 21,400 tons of US cotton exports.
March 2025 settled at 70.77 cents/pound, up 0.34 cents.
Weekly gain hit 2.7 per cent, the largest since September.
Trading volume dipped as the market enters holiday mode.
China led with 21,400 tons of US cotton exports.