Softs Report 09/08/2026

COTTON
General Comments: Cotton was lower last week and posted reversal down on the weekly charts selling tied in part to release of private production estimates before the USDA reports later this week. Stressful weather conditions continue. USDA last week showed that conditions are just behind year ago levels with the crop opening bolls. Progress is behind average. Forecasts and reports of scattered to isolated showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm to hot in all areas.
Overnight News
Chart Trends: Trends in Cotton are down. Support is at 85.20, 82.60, and 82.00 December, with resistance of 94.20, 95.40 and 96.60 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 543,101
: Positions :
: 129,413 28,791 164,759 124,444 309,538 102,425 29,804 521,042 532,892: 22,059 10,209
: Changes from: August 25, 2026 (Change in open interest: 28,818) :
: 3,925 -547 16,879 6,627 12,072 356 -337 27,786 28,066: 1,031 752
: Percent of Open Interest Represented by Each Category of Trader :
: 23.8 5.3 30.3 22.9 57.0 18.9 5.5 95.9 98.1: 4.1 1.9
: Total Traders: 381 Number of Traders in Each Category :
: 180 57 128 70 79 46 22 330 259:
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FCOJ
General Comments: Futures were higher last week on buying ahead of the USDA reports this week. It is still dry in Florida but showers are showing up. The weather for the next crop is seasonal and some rains are now being reported. The weather is considered good for production in Mexico but it is dry in Brazil. Many areas are drying out seasonally.
Overnight News: ICE said that 0 notices were posted for delivery against September contracts and that total deliveries fort the month are now 0 contracts.
Chart Trends: Trends in FCOJ are mixed. Support is at 128.00, 125.00, and 122.00 September, with resistance at 159,00 167.00, and 174.00 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 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 11,206 :
: Positions :
: 1,973 3,066 899 125 178 2,638 4,123 77 1,930 473 1,155 :
: Changes from: August 25, 2026 :
: -45 -395 91 61 84 52 230 -34 110 253 265 :
: Percent of Open Interest Represented by Each Category of Trader :
: 17.6 27.4 8.0 1.1 1.6 23.5 36.8 0.7 17.2 4.2 10.3 :
: Number of Traders in Each Category Total Traders: 56 :
: 9 5 . . . 6 15 . 15 5 7 :
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COFFEE
General Comments: New York was much lower and London was lower last week Trends are down in both markets. Brazil coffee is being offered now as harvest has been active despite increased rains. Lower quality coffee is available but higher quality is harder to find due to weather problems. The next crop is developing in South America amid scattered to isolated showers. Indonesia is now about done with its harvest. Asian conditions are called good. Other world production conditions are generally good. Mexico is in good condition, but Central America is dry.
Overnight News: The ICO average price is 269.37 ct/lb. ICE NY said that 4 notices were posted for delivery against September futures and that total deliveries for the month are now 212 contracts.
Chart Trends: Trends in New York are mixed to down. Support is at 285.00, 270.00, and 264.00 December, and resistance is at 317.00, 322.00 and 329.00 December. Trends in London are mixed to down. Support is at 3200, 3140, and 3080 November, with resistance at 3610, 3690, and 3770 November.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 200,891
: Positions :
: 27,599 20,454 72,227 51,651 96,697 41,284 5,630 192,761 195,008: 8,130 5,883
: Changes from: August 25, 2026 (Change in open interest: -2,940) :
: -3,302 4,047 -2,977 3,219 -4,358 697 45 -2,364 -3,243: -576 303
: Percent of Open Interest Represented by Each Category of Trader :
: 13.7 10.2 36.0 25.7 48.1 20.6 2.8 96.0 97.1: 4.0 2.9
: Total Traders: 345 Number of Traders in Each Category :
: 79 92 105 98 109 40 19 279 271:
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SUGAR
General Comments: New York and London were higher last week and trends are mixed on the daily charts in New York but down in London. Drought in Europe and Brail are a major concern but seems to be easing now with the crop mostly made in Europe. The hot and dry weather was causing losses in Sugar beets production. There have been some rains in center-south Brazil causing some harvest delays. Indian production is less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1800, 1750, and 1720 March and resistance is 1960, 2020, and 2080 March. Trends in London are mixed. Support is at 513.00, 506.00, and 499.00 December, with resistance at 554.00, 566.00, and 572.00 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 1,673,040
: Positions :
: 279,408 206,968 514,542 360,360 811,447 403,572 84,981 1,557,883 1,617,939: 115,157 55,101
: Changes from: August 25, 2026 (Change in open interest: 81,518) :
: 22,940 6,009 29,299 6,695 46,282 17,558 6,496 76,492 88,087: 5,026 -6,569
: Percent of Open Interest Represented by Each Category of Trader :
: 16.7 12.4 30.8 21.5 48.5 24.1 5.1 93.1 96.7: 6.9 3.3
: Total Traders: 322 Number of Traders in Each Category :
: 126 55 107 79 80 43 21 293 223:
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COCOA
General Comments: New York and London were lower last week. Daily chart trends are mixed 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.
Overnight News: ICE NY said that 2 notices were posted for delivery against September futures and that total deliveries for the month are now 578 contracts.
Chart Trends: Trends in New York are mixed. Support is at 6000, 5720, and 5600 December, with resistance at 6840, 6900, and 6960 September. Trends in London are up. Support is at 4420, 4320, and 4120 December, with resistance at 4920, 5040, and 5160 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 253,495
: Positions :
: 18,054 31,792 94,192 77,360 98,159 51,825 21,901 241,430 246,043: 12,065 7,452
: Changes from: August 25, 2026 (Change in open interest: 25,429) :
: 4,299 -2,312 20,072 -1,555 6,309 2,501 1,539 25,317 25,609: 112 -180
: Percent of Open Interest Represented by Each Category of Trader :
: 7.1 12.5 37.2 30.5 38.7 20.4 8.6 95.2 97.1: 4.8 2.9
: Total Traders: 217 Number of Traders in Each Category :
: 69 63 86 40 40 30 18 183 167:
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Questions? Ask Jack Scoville today at 312-264-4322