– Reporting Period 19 March – 01 April 2025 –
After continuing their sideways trend at the beginning, the ICE Cotton No. 2 futures increased towards the end of the reporting period. In particular in the last couple of days, the futures were on the rise based on improved demand. The coming weeks will show how much this upward trend is due to uncertainties arising from the development of threatened US tariffs and the expected backlash of affected countries.
Considering that next to the rising futures of recent days the US dollar has developed somewhat stronger against the Euro, the European market participants rather showed restraint.
Overall, all markets are currently significantly influenced by the trade dispute between the USA and the rest of the world.