Softs Report 06/15/2026

COTTON
General Comments: Cotton was lower last week but in the middle of the weekly range on improving weather for Cotton growing areas of the US. The WASDE report on TShursday showed reduced beginning and ending stocks with the rest of the supply and demand data left unchanged. Ending stocks are now estimated at 3.70 million bales. USDA showed that squaring and emergence were running at near or above normal last week and the weather has improved with increased precipitation for all areas. USDA showed that condition is well behind year ago levels. Forecasts and reports of scattered showers in Cotton areas continue for Texas, the Delts, and the Southeast. Temperatures will be variable. Trends are down on the daily and weekly charts.
Overnight News:
Chart Trends: Trends in Cotton are mixed. Support is at 71.00, 70.40, and 70.00 July, with resistance of 76.00, 78.30 and 79.10 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
COTTON NO. 2 – ICE FUTURES U.S.
CFTC Code #033661 Open Interest is 482,252
: Positions :
: 91,108 38,770 161,420 135,920 245,192 76,720 26,085 465,168 471,467: 17,083 10,785
: Changes from: June 2, 2026 (Change in open interest: -31,335) :
: -12,301 159 -9,459 1,880 -20,081 -7,771 -803 -27,651 -30,184: -3,684 -1,151
: Percent of Open Interest Represented by Each Category of Trader :
: 18.9 8.0 33.5 28.2 50.8 15.9 5.4 96.5 97.8: 3.5 2.2
: Total Traders: 352 Number of Traders in Each Category :
: 150 69 124 76 69 42 22 309 245:
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FCOJ
General Comments: Futures were a little higher and trends are still mixed on the daily and weekly charts. It is still dry in Florida. The weather for the next crop is dry but seasonal and some rains are now being reported. The weather is considered good for production in Mexico but it is dry in Brazil. Scattered showers are still reported in eastern Brazil but many areas are drying out seasonally.
Overnight News:
Chart Trends: Trends in FCOJ are mixed to down. Support is at 148.00, 142.00, and 136.00 July, with resistance at 178,00 184.00, and 190.00 July

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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FRZN CONCENTRATED ORANGE JUICE – ICE FUTURES U.S. (CONTRACTS OF 15,000 POUNDS) :
CFTC Code #040701 Open Interest is 8,965 :
: Positions :
: 1,924 3,520 611 48 180 2,408 1,968 31 1,478 391 1,010 :
: Changes from: June 2, 2026 :
: -25 105 -46 48 33 148 -182 -20 30 4 3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.5 39.3 6.8 0.5 2.0 26.9 22.0 0.3 16.5 4.4 11.3 :
: Number of Traders in Each Category Total Traders: 48 :
: 10 7 . . . 7 9 . 9 4 8 :
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COFFEE
General Comments: New York and London were higher last week in recovery trading. The next crop is developing well in South America and Asia amid good conditions. The harvest in Brazil is a little behind last year. World production conditions are generally good. Mostly dry conditions are being reported now in Brazil. Mexico is in good condition, as Central America. Vietnam has had drier weather and conditions there are called good. Some showers are starting to appear there.
Overnight News: The ICO average price is 241.31 ct/lb.
Chart Trends: Trends in New York are mixed to up. Support is at 242.00, 236.00, and 230.00 July, and resistance is at 262.00, 390.00 and 287.00 July. Trends in London are mixed to up. Support is at 3250, 3180, and 3120 July, with resistance at 3650, 3680, and 3730 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
COFFEE C – ICE FUTURES U.S.
CFTC Code #083731 Open Interest is 272,513
: Positions :
: 33,381 36,938 107,246 84,832 104,847 37,759 13,885 263,218 262,916: 9,295 9,597
: Changes from: June 2, 2026 (Change in open interest: 19,302) :
: -3,498 5,169 13,820 10,085 314 -273 449 20,133 19,752: -831 -450
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 13.6 39.4 31.1 38.5 13.9 5.1 96.6 96.5: 3.4 3.5
: Total Traders: 377 Number of Traders in Each Category :
: 75 135 123 99 105 38 20 295 306:
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SUGAR
General Comments: New York was lower and London was higher yesterday. The Iran has increased world petroleum prices and could divert demand from Sugar production to production of ethanol. Trends are mixed on the daily charts in both markets. There are good supplies for the market from good growing conditions for cane and beets around the world. Drier weather in parts of Brazil and India have been good for the harvest.
Overnight News:
Chart Trends: Trends in New York are mixed to down. Support is at 1370, 1340, and 1310 July and resistance is 1550, 1570, and 1600 July. Trends in London are mixed. Support is at 404.00, 398.00, and 392.00 August, with resistance at 457.00, 468.00, and 474.00

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SUGAR NO. 11 – ICE FUTURES U.S.
CFTC Code #080732 Open Interest is 1,202,562
: Positions :
: 142,046 276,248 278,761 381,181 470,403 312,420 91,103 1,114,408 1,116,515: 88,154 86,048
: Changes from: June 2, 2026 (Change in open interest: 15,492) :
: 11,160 6,186 -3,537 21,231 14,001 -13,528 -3,289 15,326 13,360: 166 2,132
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 23.0 23.2 31.7 39.1 26.0 7.6 92.7 92.8: 7.3 7.2
: Total Traders: 309 Number of Traders in Each Category :
: 89 88 97 78 70 40 21 269 219:
——————————————————————————————————————-

COCOA
General Comments: New York was a little higher and London was a little lower last week. Daily trends are mixed to down in both markets, with New York showing the weaker chart pattern. A big main crop harvest has arrived in West Africa and rains have been positive for the next crop. There are still reports of increased production potential in other countries outside of West Africa, including Asia and Central America. The market feels that there is less demand due to the high prices seen last year and the lack of demand is expected to continue.
Overnight News:
Chart Trends: Trends in New York are mixed to down. Support is at 3830, 3650, and 3490 July, with resistance at 4460, 4780, and 5130 July. Trends in London are mixed to down. Support is at 2750, 2710, and 2500 July, with resistance at 3350, 3550, and 3690 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
COCOA – ICE FUTURES U.S.
CFTC Code #073732 Open Interest is 259,304
: Positions :
: 23,809 54,951 86,269 83,657 90,086 54,332 16,042 248,067 247,348: 11,237 11,956
: Changes from: June 2, 2026 (Change in open interest: -3,019) :
: -1,342 2,778 -3,749 3,310 -3,202 -2,087 -683 -3,867 -4,856: 848 1,837
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 21.2 33.3 32.3 34.7 21.0 6.2 95.7 95.4: 4.3 4.6
: Total Traders: 225 Number of Traders in Each Category :
: 62 75 87 48 38 30 18 192 171:
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Questions? Ask Jack Scoville today at 312-264-4322