tikiinfinityreelsmegaways| ICE cotton futures: Strong demand supported cotton prices closed slightly higher by 0.18%

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[Cotton futures prices were driven by strong demand, and ICE cotton futures rose against the trend]

The Intercontinental Exchange (ICE) reported on May 21 that its cotton futures closed at 0.tikiinfinityreelsmegaways.18% increase. Although the weather in U.S. cotton-producing areas has performed well recently and is conducive to crop growth, this factor has not had a significant impact on cotton prices. On the contrary, strong demand and a general boost in external financial markets jointly supporttikiinfinityreelsmegawaysThis led to the rise in cotton prices.

The president of Varner Brokerage pointed out that good cotton demand and strong growth in the external market are key factors supporting cotton prices during the period. Despite this, favorable weather conditions in U.S. cotton-producing areas have a certain impact on prices.tikiinfinityreelsmegawaysThere is pressure, which is in opposition to the strong demand.

tikiinfinityreelsmegaways| ICE cotton futures: Strong demand supported cotton prices closed slightly higher by 0.18%

The latest data shows that ICE cotton futures have experienced a cumulative decline of about 4.5 percent this year.tikiinfinityreelsmegaways.16%, a weak performance echoing consecutive declines in the past two years. Cotton prices fell by 2.8% in 2023, while 2022 experienced a deep adjustment of more than 25%, reflecting the market's continued concerns about the cotton demand outlook.

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