Softs
Our comments remain the same from last week. Commercial traders set another net long record position in the cotton market. Now, the speculators are threatening their net short record position. Processors continue to lock in future supplies at trade war fear prices.
From last week:
Cotton (BAL) - Commercial traders set a record net long record position while defending the December contract's low at 57.26. The weekly signal piggybacks the daily email's buy signal issued on August 9th.
Orange Juice - Sticking with the softs, the commercial traders in the orange