Bullish sentiment helps propel the Cotton future to 4.39% gain

Published: May 27 2023, 09:10 GMT+0

Bullish sentiment helps propel the Cotton future to 4.39% gain

A quick look at yesterday: Cotton gained $3.52 and stayed at the $83.64 per pound level.

Having soared to a high of $146.62 approximately 11 months ago, the Cotton future is now trading 45.36% lower.

A look at other Softs also shows upside as notably, Sugar rose 2.34% yesterday and closed at $24.83.

While Cotton is appreciating, other Softs are comparatively not doing so well — Coffee retreats 1% yesterday and closed at $182.7. Cocoa withdraws 0.56% yesterday and closed at $3,017.

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