Commodity traders stay bullish as ICE Cotton adds $3.52 or 4.39%

Yesterday at a glance: bullish sentiment helped Cotton to push $3.52 higher, reaching session highs around $83.74, before consolidating until close. Ultimately, the Cotton future closed yesterday at $83.64 per pound.

Over the past 11 months, ICE Cotton has retreated 45.36% from a noteworthy peak of $146.62.

This rally in Cotton's price coincides with other Softs as Sugar went up by 2.34% yesterday, and closed at $25.41.

At the same time, Coffee is down to $180.85, losing $1.85, after ending the previous session around $182.7. After ending yesterday's session at $3,017, Cocoa lost $17 and is trading around $3,000.