Softs Report 10/19/2026

COTTON
General Comments: Cotton was higher last week on reports of some damage to crops and crop losses in the Delta. A hurricane hit southern areas over the previous weekend with some very heavy rains. Rain was also reported in Texas and north into Kansas last week and over the weekend to affect harvest operations. USDA last week showed that conditions are now 33% good to excellent. Progress shows that the crop was 34% harvested and 82% opening bolls. Forecasts and reports of showers in Cotton areas continue for the Delts, and the Southeast. Temperatures will be warm in all areas.
Overnight News ICE said that 0 notices were posted for delivery against October futures and that total deliveries for the month are now 14 contracts.
Chart Trends: Trends in Cotton are mixed to up. Support is at 79.30, 77.10, and 75.50 December, with resistance of 82.40, 84.00 and 85.30 December

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
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COTTON NO. 2 – ICE FUTURES U.S.
CFTC Code #033661 Open Interest is 542,451
: Positions :
: 83,279 23,967 172,793 170,944 310,517 97,510 25,080 524,525 532,357: 17,926 10,094
: Changes from: October 6, 2026 (Change in open interest: 14,201) :
: -3,666 -1,185 12,992 3,345 1,601 1,422 610 14,094 14,019: 108 183
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 4.4 31.9 31.5 57.2 18.0 4.6 96.7 98.1: 3.3 1.9
: Total Traders: 365 Number of Traders in Each Category :
: 165 66 137 76 78 41 16 331 253:
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FCOJ
General Comments: Futures were lower last week in range trading. Price trends are mixed to down on the daily charts and mixed on the weekly charts. USDA said that the US oranges production is now estimated at 61.7 million boxes down from 63.5 million last year. Florida production was estimated at 10.0 million boxes, from 13 million last year. Showers are showing up in Florida and trees are recovering. The weather for the next crop is seasonal. The weather is considered good for production in Mexico and showers are developing in Brazil as the rainy season is starting on time.
Overnight News:
Chart Trends: Trends in FCOJ are mixed to down. Support is at 137.00, 135.00, and 132.00 September, with resistance at 152,00 156.00, and 159.00 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 13, 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 11,289 :
: Positions :
: 2,447 3,161 930 156 153 2,118 3,291 46 1,709 596 1,702 :
: Changes from: October 6, 2026 :
: 18 -110 -30 -4 -107 -75 -143 14 11 60 47 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.7 28.0 8.2 1.4 1.4 18.8 29.2 0.4 15.1 5.3 15.1 :
: Number of Traders in Each Category Total Traders: 58 :
: 10 8 . . . 7 14 . 14 8 8 :
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COFFEE
General Comments: New York was higher and London was lower last week as Brazil is selling and exporting, but less than before. Brazil crops are looking better with rains but producers are holding back on sales due to recent price weakness. Trends are mixed to up in New York and are turning down in London. The Brazil harvest is almost over despite increased rains. Conditions are called good for next crop development, and the wet season is starting on time. Arabica has been boosted near term by quality concerns owing to excess El Nino-linked rains in Brazil and worries the weather pattern might cause dryness ahead. The next crop is developing in the rest of 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 has been dry. Premiums are now at or near record highs in Central America due to the drought. Vietnam exported 1.45 million metric tons of coffee in the first nine months of 2026, up 16.2%. Brazil’s September green coffee exports rose 3.2% to 3.58 million bags, although lower arabica shipments limited growth, Cecafe said. Colombia’s coffee production fell 15% in the 2025/26 coffee year to 12.65 million bags
Overnight News: The ICO average price is 260.37 ct/lb.
Chart Trends: Trends in New York are mixed to up. Support is at 291.00, 284.00, and 278.00 December, and resistance is at 311.00, 317.00 and 329.00 December. Trends in London are mixed. Support is at 3340, 3260, and 3150 November, with resistance at 3670, 3890, and 3920 November.

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 201,085
: Positions :
: 24,006 27,703 69,336 59,679 91,170 40,402 5,884 193,423 194,092: 7,662 6,992
: Changes from: October 6, 2026 (Change in open interest: -7,199) :
: -1,002 1,534 -4,584 -1,351 -4,381 70 69 -6,867 -7,362: -332 163
: Percent of Open Interest Represented by Each Category of Trader :
: 11.9 13.8 34.5 29.7 45.3 20.1 2.9 96.2 96.5: 3.8 3.5
: Total Traders: 352 Number of Traders in Each Category :
: 73 102 120 104 114 36 18 291 290:
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SUGAR
General Comments: New York and London were higher last week. Trends are mixed on the daily charts in both markets as both markets showed reversal action to u trends yesterday. Drought in Brazil was a major concern but rains have returned to center-south regions. Refineries in the region are producing ethanol at the expense of Sugar. Indian production is less after hot and dry conditions and production in the rest of Asia could be hurt by El Nino weather. Higher world petroleum prices are supporting higher ethanol prices and could cause less Sugar to be produced. Brazilian production dropped 41.6% in the first half of September due to excess rains.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 1990, 1910, and 1840 March and resistance is 2130, 2140, and 2170 March. Trends in London are mixed. Support is at 532.00, 517.00, and 510.00 December, with resistance at 567.00, 573.00, and 580.00 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 1,509,322
: Positions :
: 316,492 148,671 407,855 295,453 845,262 380,276 59,210 1,400,077 1,460,998: 109,246 48,324
: Changes from: October 6, 2026 (Change in open interest: 38,999) :
: 14,104 -1,974 22,512 -1,370 17,845 5,463 2,431 40,708 40,814: -1,709 -1,814
: Percent of Open Interest Represented by Each Category of Trader :
: 21.0 9.9 27.0 19.6 56.0 25.2 3.9 92.8 96.8: 7.2 3.2
: Total Traders: 313 Number of Traders in Each Category :
: 129 50 101 72 78 43 17 280 212:
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COCOA
General Comments: New York closed aa little higher and London was about unchanged last week. Weekly trends are still mixed. A big main crop harvest has arrived in West Africa but it has now turned dry for the next crop. Dry conditions in Ivory Coast have created concerns about the prospects for 2026/27 production, although a large global surplus in 2025/26 has ensured that short-term supplies remain ample. Ivory Coast’s main crop is seen falling around 17% this season, according to a Reuters survey, while Ivorian farmers said that poor rainfall risks bringing the September-to-February main crop to an early end. 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. Cocoa arrivals at Ivorian ports stood at 23,000 metric tons in the week, down 52% from last year.
Overnight News:
Chart Trends: Trends in New York are mixed. Support is at 5060, 4990, and 4780 December, with resistance at 6030, 6440, and 6670 December. Trends in London are mixed. Support is at 4060, 3790, and 3770 December, with resistance at 4510, 4620, and 4690 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 239,962
: Positions :
: 9,857 34,289 81,587 88,624 96,029 49,002 18,970 229,070 230,875: 10,892 9,088
: Changes from: October 6, 2026 (Change in open interest: -2,853) :
: 36 -171 -4,054 1,643 3,722 -470 -1,709 -2,844 -2,212: -9 -640
: Percent of Open Interest Represented by Each Category of Trader :
: 4.1 14.3 34.0 36.9 40.0 20.4 7.9 95.5 96.2: 4.5 3.8
: Total Traders: 213 Number of Traders in Each Category :
: 58 68 93 45 39 30 19 183 173:
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Questions? Ask Jack Scoville today at 312-264-4322