ICE cotton slips amid weak exports, falling grains & stronger dollar

ICE cotton prices dropped over 1 per cent on January 3, 2025, as weaker export sales, falling grain markets, and a strong US dollar pressured the market.
The March 2025 contract settled at 67.66 cents per pound, marking a 1.8 per cent weekly decline.
USDA data revealed upland cotton export sales fell 54 per cent, with China’s reduced purchases further weighing on sentiment.Read More