Softs Report 08/10/2026

COTTON
General Comments: Cotton was higher last week as ideas of lower yields and weather stress continue and as demand was solid in the USDA reports. USDA showed that conditions are still well behind year ago levels and showed deterioration last week with the crop in the squaring and setting bolls phase. Progress is about average, with bolls being set and squaring proceeding at a normal pace. Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm to hot. Trends are mixed on the daily and are up the weekly charts.
Overnight News:
Chart Trends: Trends in Cotton are mixed. Support is at 77.10, 75.50, and 74.50 December, with resistance of 84.30, 86.20 and 88.10 December.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 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 473,629
: Positions :
: 109,640 35,259 136,280 120,333 267,782 89,231 25,719 455,485 465,040: 18,144 8,589
: Changes from: July 28, 2026 (Change in open interest: 18,405) :
: 5,703 1,864 8,462 544 9,417 2,417 -560 17,125 19,182: 1,280 -778
: Percent of Open Interest Represented by Each Category of Trader :
: 23.1 7.4 28.8 25.4 56.5 18.8 5.4 96.2 98.2: 3.8 1.8
: Total Traders: 379 Number of Traders in Each Category :
: 162 74 120 77 73 43 18 329 241:
——————————————————————————————————————-

FCOJ
General Comments: Futures were lower last week and trends are turning down on the daily charts and could be topping out for the short term. The weekly charts are mixed. 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 144.00, 140.00, and 135.00 September, with resistance at 167,00 174.00, and 176.00 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 4, 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 10,780 :
: Positions :
: 2,142 3,412 801 57 129 2,379 3,515 251 2,108 226 1,123 :
: Changes from: July 28, 2026 :
: -308 549 -1 -148 37 201 -244 2 240 -342 -243 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.9 31.7 7.4 0.5 1.2 22.1 32.6 2.3 19.6 2.1 10.4 :
: Number of Traders in Each Category Total Traders: 53 :
: 9 6 . . . 8 12 . 14 4 8 :
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COFFEE
General Comments: New York and London were higher last week and trends are mixed on the daily charts but could be turning up in New York. The harvest delays in Brazil continue but coffee is more and more available and the increased offer was responsible for the selling. The next crop is developing well in South America amid scattered to isolated showers. Brazil has been hot and dry Indonesia is now about 80% harvested. Asian conditions are called good. Other world production conditions are generally good. Mexico is in good condition, but Central America is dry. Deliverable stocks are below 300,000 bags and are well below last year.
Overnight News: The ICO average price is 285.75 ct/lb.
Chart Trends: Trends in New York are mixed. Support is at 307.00, 300.00, and 296.00 September, and resistance is at 346.00, 352.00 and 357.00 September. Trends in London are mixed. Support is at 3740, 3690, and 3620 September, with resistance at 3930, 4130, and 4180 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 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 227,092
: Positions :
: 28,953 18,551 95,576 53,995 100,069 40,335 6,587 218,860 220,782: 8,232 6,310
: Changes from: July 28, 2026 (Change in open interest: 1,751) :
: -1,230 708 -9 2,759 401 -705 416 815 1,516: 936 234
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 8.2 42.1 23.8 44.1 17.8 2.9 96.4 97.2: 3.6 2.8
: Total Traders: 347 Number of Traders in Each Category :
: 89 85 109 103 116 40 16 290 275:
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SUGAR
General Comments: New York and London were higher again yesterday. The Iran war made bio fuels less valuable again, and Sugar has been slow to respond to rallies in petroleum products anyway. Drought in Europe and Brail are a major concern. The hot and dry weather is causing losses Sugarbeets production. There have been some rains in center-south Brazil causing some harvest delas, but generally dry weather is now forecast. Indian production is also less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather. The Iran war has been paused as both sides signing a memorandum of understanding and continuing negotiations in Geneva. 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 has been good for the harvest.
Overnight News: 2
Chart Trends: Trends in New York are mixed. Support is at 1500, 1480, and 1440 October and resistance is 1590, 1620, and 1650 October. Trends in London are mixed. Support is at 480.00, 471.00, and 460.00 October, with resistance at 490.00, 496.00, and 502.00 October.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 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 1,252,623
: Positions :
: 195,905 299,007 286,695 358,225 489,695 325,343 102,042 1,166,168 1,177,440: 86,454 75,183
: Changes from: July 28, 2026 (Change in open interest: 48,969) :
: 14,310 -7,491 24,949 -5,076 27,116 10,183 5,840 44,365 50,414: 4,604 -1,446
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 23.9 22.9 28.6 39.1 26.0 8.1 93.1 94.0: 6.9 6.0
: Total Traders: 309 Number of Traders in Each Category :
: 94 83 107 73 68 41 22 265 228:
——————————————————————————————————————-

COCOA
General Comments: New York and London were higher last week. Daily chart trends are turning fown again and weekly trends are mixed. 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 but demand has started to increase. Ghana’s cocoa production is expected to fall by at Ghana’s cocoa production is expected to fall by at least 16% in the 2026 to 2027 season, market regulator COCOBOD said, citing weather effects, the crop’s natural fruit-bearing cycle and disease, The weather is also hurting crops in Ivory Coast.
Overnight News:
Chart Trends: Trends in New York are mixed to down. Support is at 5360, 3760, and 3660 September, with resistance at 6220, 6480, and 6600 September. Trends in London are mixed. Support is at 4020, 3660, and 3540 September, with resistance at 4570, 4820, and 4940 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 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 277,024
: Positions :
: 18,448 34,043 108,317 88,488 103,438 50,208 21,574 265,461 267,373: 11,563 9,651
: Changes from: July 28, 2026 (Change in open interest: 14,188) :
: 1,228 -1,690 8,815 2,865 5,468 51 1,065 12,960 13,659: 1,228 529
: Percent of Open Interest Represented by Each Category of Trader :
: 6.7 12.3 39.1 31.9 37.3 18.1 7.8 95.8 96.5: 4.2 3.5
: Total Traders: 208 Number of Traders in Each Category :
: 50 72 85 42 37 30 21 176 165:
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Questions? Ask Jack Scoville today at 312-264-4322