ICE cotton futures extended gains, supported by a weaker US dollar and ongoing drought concerns in West Texas, a key growing region. The most active July 2026 contract settled at 79.36 cents per pound, up 0.22 cent. A softer dollar, down 0.2 percent, made US cotton more attractive to global
December 2023/24 U.S. cotton forecasts include lower production, mill use and ending stocks. Production is reduced by 314,000 bales to 12.8 million largely due to a 500,000-bale decrease in the Texas crop. U.S. mill use is reduced by 150,000 bales as spinning activity continues to lag, and at 1.9 million bales, it is expected to […]













