Cotton Futures Plunge

December New York Cotton is trading at 69.31, down 1.79 cents/lb. March New York Cotton is trading at 69.65, down 1.80 cents/lb. Cotton futures are trading sharply lower after showing a steady to higher trade early in the day. Trading is very choppy. In other New York Soft commodities; December Cocoa is trading at 2715, down 9 $/MT. December Coffee is trading at 156.55, down 1.30 cents/lb. March Sugar is trading at 22.59, down 0.36 cents/lb. November Orange Juice is trading at 194.85, down 1.30 cents/lb.