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ICE cotton futures hit six-month low amid strong dollar, fast harvest

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ICE cotton futures hit six-month low amid strong dollar, fast harvest



ICE cotton futures witnessed a steep decline yesterday, with US cotton prices hitting their lowest level in six months. A stronger US dollar discouraged buying in the previous session, while the rapid pace of US cotton harvesting added further pressure to the market.

ICE December cotton futures settled at 64.46 cents per pound, down 0.68 cents or 1.04 per cent. The contract touched an intraday of 64.40 cents, the lowest level since early April 2025. March 2026 contracts lost 0.71 cent to reach 66.38 cents, May 2026 were down 0.69 cent to 67.74 cents, and July 2026 were down 0.64 cent to 68.90 cents. Other contracts settled 15-68 points lower.

ICE cotton futures hit a six-month low as a stronger US dollar and rapid US harvesting drove prices lower.
December futures fell to 64.46 cents per pound, with trading volume surging amid speculative selling.
Market sentiment remains weak, pressured by ongoing harvest progress, delayed USDA data, and reduced global export competitiveness.

The October 2025 contract closed at 62.02 with zero open interest, showing no active positions and indicating potential for a lower path for December. Trading volume rose sharply to 45,016 contracts, up from 27,524 the previous day, signalling stronger speculative and selling activity. ICE deliverable stocks stood at 17,891 bales, unchanged from the prior day.

The US dollar index climbed 0.28 per cent, nearing a two-month high, reducing global competitiveness of US cotton exports. International crude oil prices remained stable as investors weighed OPEC+’s modest November production increase against signs of a global supply glut.

Market sentiment remained weak due to favourable harvest weather, trade tensions, and demand uncertainty in the textile sector.

The US government shutdown entered its seventh day, delaying the release of key USDA reports, including export sales and global supply-demand estimates. The USDA Weekly Export Sales Report, normally published on Thursday, was postponed, while the monthly WASDE report may also be delayed if the shutdown continues.

Analysts said the lack of official data is forcing investors to rely on secondary and unofficial information to gauge cotton demand and predict Federal Reserve interest rate decisions.

Farmers are going all-in on harvesting right now, which is weighing on prices. The higher dollar is also pressuring the market.

Brazil’s National Supply Company (Conab) reported that as of October 4, 2025, the country’s 2024-25 cotton harvest was 99.8 per cent complete, up from 99.2 per cent the previous week, matching last year’s 100 per cent and the five-year average of 100 per cent.

In related markets, CBOT soybean futures rebounded after two days of losses on technical and seasonal buying.

Overall, cotton futures remained under pressure amid harvest activity, strong dollar, and delayed government data.

Currently, ICE cotton for December 2025 was traded at 64.43 cents per pound (down 0.03 cent), cash cotton at 61.96 cents (down 0.68 cent), the October 2025 contract at 62.02 cents (down 0.68 cent), the March 2026 contract at 66.35 cents (down 0.03 cent), the May 2026 contract at 67.70 cents (down 0.04 cent) and the July 2026 contract at 68.73 cents (down  0.17 cent). A few contracts remained at their previous closing levels, with no trading recorded today.

Fibre2Fashion News Desk (KUL)



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Canada Goose reshuffles leadership to drive global growth

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Canada Goose reshuffles leadership to drive global growth















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Interjeans portfolio continues to expand with heritage brand Belstaff

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Interjeans portfolio continues to expand with heritage brand Belstaff


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January 16, 2026

New addition at Interjeans: following last year’s arrival of German athletic-luxury brand Bogner, the San Marino-based company in Rovereta, founded in 1992 by Andrea Belletti, is expanding its brand portfolio and has outlined its growth plans to FashionNetwork.com.

“Last November we signed a distribution agreement for the Italian market with Belstaff: a storied brand with motorcycling roots, founded in England in 1924, which I am sure will be a must-have once again. For 2026 we expect encouraging results, driven in particular by this addition,” said Belletti.

Andrea Belletti and Julian Dunkerton at Pitti Uomo

“As for Interjeans, we are not considering any company-owned stores beyond the one in Riccione,” the manager continued. “We remain true to our roots, focusing on distribution, but we would like to develop a shop-in-shop format with key customers that would allow us greater control over the product assortment, layout and communication. We are currently present with Lyle & Scott and Superdry in Rinascente and Coin, via concessions, but we would like to extend this format to include Belstaff as well,” Belletti continued.

Interjeans, which closed 2025 with turnover of €39 million, distributes in Italy the brands G-Star Raw, Lyle & Scott, Dr Denim, Karl Lagerfeld (three lines), Bogner, O’Neill, the Greek womenswear brand BSB, and Superdry.

Julian Dunkerton, CEO of the British clothing brand he founded in 2003 in Cheltenham—a label that blends American preppy-vintage style with English elegance—presented the new Superdry collection. It stands out for its clean lines, perfect balance and refined functionality.

Speaking to FashionNetwork.com, the entrepreneur revealed he is very pleased with the results achieved after a major reorganisation.

Dunkerton described it as a “massive shake-up” that has returned the company to profit.

“We have worked hard on the collections and distribution, reviewed the structure, and delisted from the stock market. Today, I feel we are on the right path: there is consistency and a clear awareness of who we are. Our presence at Pitti is fundamental; it is the most important international event in the industry and for us it truly represents the place to be. Next year, I would like to double the size of our space and bring our womenswear offer to Florence as well, which now accounts for 50 per cent of the total. In addition, we plan to open 24 Superdry stores in 2026 with a completely revamped store format that emphasises our British heritage and offers a lighter, brighter, higher-quality aesthetic. We will operate through both franchise agreements and direct management, predominantly in the UK,” concluded the Superdry founder.

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Copyright © 2026 FashionNetwork.com All rights reserved.



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At Balenciaga, Pierpaolo Piccioli pushes the boundaries between sport and tailoring

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At Balenciaga, Pierpaolo Piccioli pushes the boundaries between sport and tailoring


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January 16, 2026

Pierpaolo Piccioli seems intent on exploring how far the relationship between sport and tailoring can be pushed. On Thursday, the French fashion house unveiled and launched for sale, on its website and in its boutiques, a collaboration with the NBA, the U.S. basketball league. At the same time, ahead of the Milan and Paris Fashion Weeks, it presented its lookbook for Autumn 2026.

Balenciaga

“I believe that sport is one of the most powerful ways of expressing values such as excellence, integrity and respect. On a pitch or court, people from different backgrounds, cultures and abilities come together under the same rules and with the same goals,” said the creative director of the Kering group house, in a press release.

“This shared space creates a heightened sense of connection and focus, reminding us of the discipline, commitment and intensity that define sport at its highest level.”

For the NBA line, that commitment is expressed through key sportswear pieces reinterpreted in materials such as leather, satin, cotton poplin and Japanese denim, and, in addition to black, in the NBA’s historic colours: red, blue and white. The brand adopts sporting codes by marking T-shirts and coach jackets with the number 10, a nod to the address of its headquarters on Avenue George V in Paris, or with a stylised “B” on the back or over the heart.

But sport permeates the Balenciaga universe well beyond this. The brand’s Autumn 2026 proposal, captured in the streets and métro of Paris by photographer Robin Galiegue, explores the potential of imposing tailored pieces, echoing the house’s past designs, such as cashmere capes and neo-gazar coats, which the creative director is working to revive.

Balenciaga

Today, Piccioli goes further and pairs them with techwear pieces. Heavy wool coats and oversized leather jackets are worn over a shorts-and-leggings duo crafted from Probody fabric, which offers moisture-wicking, breathability and antibacterial properties. In the age of wellbeing, this trend runs through most of the looks in the Autumn 2026 collection.

The designer has not forgotten the importance of accessories, either. While these creations are designed for training or yoga, they are also accompanied by a new bag model, the 7, patinated crystal jewellery and exceptional shoes from a collaboration with Manolo Blahnik.

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