ICE cotton hits three-week high on weaker US dollar, demand uptick

ICE cotton futures continued to rise on Friday, reaching their highest level in more than three weeks. US cotton found support from a weaker US dollar and clearer signs of improving demand. Prices not only touched a three-week high but also posted weekly gains.

The most active March 2026 cotton futures settled at 64.49 cents per pound, up 0.25 cent. During the session, the contract touched an intraday high of 64.81 cents, the highest since December 3.

ICE cotton futures extended gains on Friday, climbing to a three-week high as a weaker US dollar and stronger export demand supported prices.
The March 2026 contract settled higher after touching its highest level since December 3.
Improved US export sales and firmer demand for natural fibres lifted market confidence, helping cotton post solid weekly gains across major contracts.

Market support came from better demand for natural fibres and favourable currency movement.

The US dollar index edged lower, making dollar-denominated cotton cheaper for overseas buyers and reinforcing the bullish sentiment.

Analysts said market demand has improved, with US export sales reported to be very strong last week, boosting price confidence. The US Department of Agriculture’s export sales report confirmed the improvement in demand.

ICE cotton settlements on Friday showed March 2026 at 64.49 cents per pound (up 0.25 cent), cash cotton at 62.24 cents (up 0.25 cent), May 2026 at 65.78 cents (up 0.29 cent), July 2026 at 66.95 cents (up 0.37 cent), October 2026 at 67.56 cents (up 0.54 cent) and December 2026 at 68.24 cents (up 0.43 cent).

Fibre2Fashion News Desk (KUL)