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.]
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