Orange Juice COT: Crowded short upgrades to rebound risk

Orange Juice moved from Crowded short to Rebound risk (up) as commercials reached the 94th percentile against speculators at the 8th. Why it matters: Specs leaning short while hedgers sit at the opposite extreme is the setup most prone to a short squeeze. In a thin market, small flows can move the needle. Orange Juice positioning z-score (5y)Speculators, this week-1.72Speculators, last week-1.57Commercials, this week+1.66Commercials, last...