World cotton trade is not operating in a free trade vacuum, so tariffs are neither affecting sales of cotton nor directly affecting cotton prices. The price shift down to 63 cents was written all over the market, well predicted, and not surprising.
Since the 2024 harvest season, the New York ICE contract has moved some 11-12 cents lower and is not through yet. Most trading will likely fall within the three cent, 64-67 cent range.
