CoT Report Shows Bearish Rough Rice and Sugar. February 1, 2020


Rough Rice and Sugar (Chart 1) have reached a 3-year high (Chart 2) in terms of short positions of commercials. This fact is based on recent Commitment of Traders Report (CoT) and indicates that it is more likely that the price will fall. The observation of the net positions of the commercials also support this conclusion. The net positions of the commercials have reached a bearish area compared to the last 52 weeks (Chart 3). Considering these 2 facts together it is more likely that we will see falling prices in the next few weeks or months. Here are the relevant charts:

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