Risk-off mood drags ICE Cotton 2.02% lower

A quick look at Friday: Cotton stumbles 2.02% to close at $77.56 per pound Friday.

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

Positive performances can be seen by looking at other Softs markets as 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. The Cotton future reached a significant high of $154.89 around 10 months ago but has lost 48.89% since then.