ICE cotton touches one month low as Brazilian sales rise
ICE cotton futures hit a one-month low as Brazilian farmers increased sales, driven by a weaker real and a rising dollar index, making exports more profitable.
March 2025 contract settled at 68.69 cents/lb, later dipping to 68.53 cents/lb.
Falling crude oil prices boosted polyester competitiveness, adding pressure.
Weak demand and economic uncertainty keep cotton’s outlook bearish.
ICE cotton futures hit a one-month low as Brazilian farmers increased sales, driven by a weaker real and a rising dollar index, making exports more profitable.
March 2025 contract settled at 68.69 cents/lb, later dipping to 68.53 cents/lb.
Falling crude oil prices boosted polyester competitiveness, adding pressure.
Weak demand and economic uncertainty keep cotton’s outlook bearish.
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