ICE cotton marks longest decline in months, strong dollar drives slide
ICE cotton experienced its longest losing streak in months, with the March 2025 contract settling at 67.91 cents per pound, down by 0.17 cents.
The dollar index reached a two-year high, impacting commodity prices due to a stronger dollar making cotton more expensive for foreign buyers.
Trading volumes decreased slightly, and despite a weekly increase, US cotton exports fell below 4-week average.
ICE cotton experienced its longest losing streak in months, with the March 2025 contract settling at 67.91 cents per pound, down by 0.17 cents.
The dollar index reached a two-year high, impacting commodity prices due to a stronger dollar making cotton more expensive for foreign buyers.
Trading volumes decreased slightly, and despite a weekly increase, US cotton exports fell below 4-week average.
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