Risk-off mood drags Cotton 2.02% lower

Published: March 19 2023, 10:26 GMT+0

Risk-off mood drags Cotton 2.02% lower

Friday at a glance: Cotton withdraws 2.02% to close at $77.56 per pound Friday.

The Cotton future's value drop coincided with the fact that Coffee is down to $176.65, losing $3.4, after ending the previous session around $180.05. Sugar slides down 0.43% Friday and closed at $20.76.

Positive performances can be seen by looking at other Softs markets as Cocoa went up by 1.86% Friday, and closed at $2,738.

The commodity has been trending lower for about 2 months. ICE Cotton reached a significant high of $154.89 around 10 months ago but has lost 48.89% since then.