ICE December Cotton Futures Fall 4%, Break Below 80 Cents to Lowest Since July 30

The break below 80 cents matters less as a round-number event than as a signal that the recent range has given way, with the contract surrendering ground it had held since late July. A single-session reversal of this size in a fiber benchmark tends to reflect macro or positioning pressure rather than a fresh read on physical demand. Whether the move extends or is quickly retraced is the open question, and it will shape how merchants and mills approach near-term pricing.