Softs traders focused on ICE Coffee as it powers 1.9% higher

Published: November 25 2022, 16:16 GMT+0

Softs traders focused on ICE Coffee as it powers 1.9% higher

After closing the previous trading day at $162.75, Coffee went up to $166.5 only to drop back; still positive overall today, now trading at $165.85 per pound.

This rally in the Coffee future's price coincides with other Softs as Cocoa added 1.02% to its value, now trading at $2,469.

Meanwhile, Cotton is trading around $81.85 (down $2.09). Sugar closed at $19.38 (down 0.87%).

8 days ago, ICE Coffee fell to a low of $152.7 but has since recovered 6.58%.

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