ICE Cotton Futures Rise Amid Crop Concerns and Weaker Dollar
ICE cotton futures have risen for the second consecutive trading session due to crop concerns and a weaker US dollar.
The most active December 2026 contract settled at 85.48 cents, up 0.68 cent from the previous day, reaching a fresh three-month high.
The bullish trend is attributed to crop worries in the US, where the development of cotton has fallen behind normal due to hot and dry conditions in West Texas, particularly for dryland cotton.
China's reserve sale has also provided support, with the country continuing to absorb cotton at a remarkable pace, selling around 8,036 tonnes on the 21st consecutive 100% sold-out auction.
The US dollar's weakness towards a three-month low has made US cotton relatively more competitive internationally, providing another supportive element for export demand.