ICE cotton futures surged to a three-month high on April 24, 2025, as a weaker US dollar enhanced the affordability of US cotton for international buyers. The July 2025 contract settled at 69.17 cents per pound, marking a 0.14-cent increase and a cumulative gain of 235 points over three sessions.
Similarly, the December 2025 contract closed at 70.
37 cents, up 0.40 cent, reflecting a 207-point rise over the same period.
Despite a 49% weekly decline in US export sales, analysts attribute the price uptick to the dollar’s depreciation and sustained technical strength in the market.
The weaker dollar index makes US cotton more competitive in the global market, potentially offsetting the impact of reduced export sales. Total trading volume reached 47,440 contracts, indicating continued active market participation.
Deliverable No. 2 cotton stocks remained unchanged at 14,478 bales as of April 23.
Market participants are closely monitoring upcoming USDA reports and global economic indicators to assess the sustainability of this upward trend in cotton futures.
