Risk-off mood drags Cotton 2.02% lower

Published: March 19 2023, 12:06 GMT+0

Risk-off mood drags Cotton 2.02% lower

Friday at a glance: Cotton ended Friday at $77.56 per pound following from closing Thursday at $79.16. Overall, this represents a loss of $1.6 or 2.02%.

Having soared to a high of $154.89 approximately 10 months ago, Cotton is now trading 48.89% lower.

ICE Cotton's value drop coincided with the fact that Coffee lost 1.89% Friday and closed at $180.05. Sugar is down to $20.67, losing 9 cents, after ending the previous session around $20.76.

Though Cotton has been dropping, other Softs have been performing better: Cocoa went up by 1.86% Friday, and closed at $2,738.