Exchange traded products for cotton and sugar were down more than 3% Wednesday afternoon to lead soft commodities lower.

The iPath Dow Jones-UBS Cotton Total Return Subindex ETN (NYSEArca: BAL) fell as cotton futures were close to a seven-week low after China’s cotton imports dropped in March, according to a report.

The iPath Dow Jones-UBS Sugar Total Return Subindex ETN (NYSEArca: SGG) was off 3.2% at last check Wednesday.

Elsewhere in soft commodities, coffee bucked the downward trend as iPath Dow Jones-UBS Coffee Total Return Subindex ETN (NYSEArca: JO) added nearly 3%. [Coffee ETN Perks Up.]

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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