Bearish ICE Cotton currently $2.7 lower after trading as high as $83.44

Published: November 25 2022, 17:15 GMT+0

Bearish ICE Cotton currently $2.7 lower after trading as high as $83.44

Cotton slides down from $83.94 to $81.24 per pound today, losing $2.7 (3.22%).

Taking a look at other Softs commodities, negative performances are evident as Sugar closed at $19.35 (down 1.02%).

Though Cotton has been dropping, other Softs have been performing better: Cocoa is up 3.42%. Coffee is up 2.03% to $166.05.

The Cotton future hit a significant low of $72 around 25 days ago, but has since recovered 16.58%.

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