In the week ending September 24, speculators reversed their bearish stance on raw sugar futures traded on ICE U.S., moving to a long position. According to the Commodity Futures Trading Commission (CFTC), funds added 36,182 lots, bringing their total net long position to 31,933 contracts.
Conversely, they reduced their net long position in arabica coffee by 1,982 lots, totaling 41,649. Meanwhile, the net long position in New York cocoa saw a slight increase, rising by 1,262 lots to reach 17,678 contracts.
Additional Insights
Robusta Coffee: Details on speculators’ positions in robusta coffee are yet to be specified, reflecting the ongoing shifts in market sentiment.
Refined Sugar and London Cocoa: Further information on positions in these commodities is also pending, highlighting the fluid nature of the futures market.
As these trends develop, market participants will closely monitor how these adjustments impact pricing and future trading strategies.
