– Reporting Period 21 May – 03 June 2025 –
Over the two weeks of the reporting period, ICE Cotton No. 2 futures moved fairly sideways with a slight negative trend. The price of the nearest future contract finished just two points below its opening value. The ongoing tariff disputes continue to cause uncertainty in trading. Even though US cotton sales volumes were not too bad, they are still below expectations. The current weakness of the dollar has not encouraged buying.
The European market is already suffering from a slow start to the new season. There were no reports of any major deals during this reporting period, and only a few enquiries were made.