The VIX is climbing as investors brace for Nvidia’s earnings and the dollar moves back into safe haven mode, setting a more volatile backdrop for risk assets. Agricultural markets are no exception.
Cotton is digesting a heavier balance sheet after a bearish November WASDE, while coffee remains tight, with low ICE certified stocks and most tariffs reduced globally but still in place on Brazilian beans. In this week’s GSX commodity update, we look at what this backdrop means for coffee and cotton positioning.
Weekly Commodity Comment - 19/11
