ICE Cotton Falls Amid Profit-Taking and Weaker Oil Prices

Cotton futures retreated slightly on ICE due to profit-taking and weaker crude oil prices.

The December 2026 contract settled at 82.46 cents, down 0.11 cent from the previous day's close, after reaching a high of 82.60 cents per pound in the previous week.

Cotton speculators reduced their net long positions by around 2,000 contracts, contributing to selling pressure on the market.

Market analysts noted that the recent weakness was mainly due to profit-taking rather than a change in market fundamentals, with hot and dry weather in West Texas providing underlying support.