Cotton

As from a view to the COT report, Commercial are net long on Cotton, BUT-BUT-BUT progressively net short on new ("Other") year contracts.
In the past 10 years, on cotton "other" contracts they were being flat until June-July, while today they are already 17.000 contracts long vs 35.000 contracts short.
It would sound not a good sign for betters on cotton acreage sacrificed to corn next year.
Ideas, comments, remarks...?
 
Update.
Watching the new CIT database, "true" commercials (net of Index traders) appears still more net short of well 90.000 (all) contracts (143.000 short against 53.000 long).
 
Quote from Buy1Sell2:

Update on Long Cotton position. I incurred a loss of 5 points per contract on the March longs when I rolled into May. My May position is long from .5210. I am not ready to add long yet. Close on the May contract Friday was 53.60:)
More...

I guess I failed to post my exit here on this one. It wasn't good. I lost around 1200 per contract.
 
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