Soft commodities have been on fire, leading the commodities asset class in 2023, over the first six months of 2024, and in August. A September 3 Barchart article on the top performers and underperformers in commodities highlighted FCOJ, reaching a new record price peak at $5.2515 in August. The bullish price action continued in September, pushing the price to another record peak. Illiquidity fosters volatility Liquidity in a market is the ability to execute purchase and sales orders in a narrow range. The critical liquidity measures in a futures market are daily volume and open interest, the t…