Weekly highlights include:
Coffee prices rebounded as U.S. tariff impacts on Brazilian imports (down 46% YoY) create supply squeeze in American markets. ICE-certified Arabica stocks fell 21% this month.
Cotton hit two-week lows near 66¢/lb on harvest pressure and disappointing export demand. China imports collapsed 60% YoY while speculators hold record short positions.
Market positioning at extremes - Coffee spreads show historic backwardation while cotton's massive speculative shorts create potential for move to the upside if fundamentals and geopolitics shift
