Commodity Market Movers Report - Portfolio Update 22.02.2026

How we’re positioned and what we’re looking out for.

What we did during the week:

• we took 50% profits in our short cocoa position as the first profit target was reached

• we closed out of our long heating oil position after two very strong days towards the end of the week on colder than usual weather risks in the eastern part of the US as well as Iran-conflict-induced volatility (we don’t like macro induced …