Risk-off mood drags ICE Cotton 2.02% lower

A quick look at Friday: Cotton goes down 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 is down to $20.67, losing 9 cents, after ending the previous session around $20.76.

Though the Cotton future has been dropping, other Softs have been performing better: Cocoa is trading around $2,738 after ending Friday's session at $2,688 (up 1.86% today).

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