Headline: Cotton Futures Surge, Volume Down - ICE Futures (COT)

[Para 1: The Lead] Cotton futures prices surged on Wednesday, February 04, 2026, at 10:00 AM New York time, reaching $0.50 per pound for 50,000 lbs., reflecting increased market activity. The volume traded was 24,304 contracts, significantly lower than Tuesday's volume of 84,837 contracts. [Para 2-3: Supporting details & Context] Open interest stood at 380,127 contracts, with a decrease of 184 contracts from the previous day. This indicates a shift in market sentiment, possibly driven by speculative trading or changes in supply and demand dynamics. The active trading session reflects ongoing interest in the commodity, despite the volume decline.