– Reporting Period 20 October – 03 December 2024 –
ICE Cotton No. 2 futures experienced an upswing at the beginning of the reporting period and rose again. Since December ended as a trading month and because of a stronger demand for short-term delivery, December 2024 rose much more than March 2025. Finally, December was higher than March (see chart).
ICE Cotton No.2 Futures
However, the upturn quickly lost momentum, meaning that prices tended to move sideways until the end of the reporting period and did not really follow a trend. Demand remained similarly moderate for the most part. The dollar weakened somewhat in the past two weeks, but did not provide any additional stimulus.
The European market remained relatively calm in the pre-Christmas period with only a few movements.