Risk-off mood drags the Cotton future 2.02% lower

A quick look at Friday: 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%.

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.

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 has fallen back around 48.89% over the past 10 months, from a notable high of $154.89.