08 Oct

COT Soft Commodities Charts: Cotton speculators bets continue to rise to new 3-Year high

October 8, 2021

By InvestMacro COT Home | Data Tables | Data Downloads | COT Newsletter

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday October 5th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Cotton speculative positions continued to draw higher this week with a gain of +5,154 contracts. This is the eleventh rise in the past thirteen weeks to bring the speculator level to over a 3-year high dating back to June 12th of 2018. Cotton prices have been surging as well with prices reaching the highest thresholds since 2011. Needless to say that the Cotton Speculator Strength Index is currently at a 100 percent score again this week (meaning the highest level of bullish speculator positioning over the past three-year range). Joining Cotton with bullish-extreme strength readings this week are Lean Hogs, COFFEE and Sugar among the soft commodities.

Data Snapshot of Commodity Market Traders | Columns Legend
Oct-05-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,230,79448398,30739-443,2595044,95278
Gold483,78921182,58253-203,7024721,12031
Silver139,763716,37939-27,7787211,3996
Copper185,6551614,41753-18,918464,50151
Palladium9,70514-3,23003,51099-28028
Platinum62,109255,51510-10,403944,88830
Natural Gas1,376,78850-133,7083896,6376137,07173
Brent197,79538-37,0215130,935426,08689
Heating Oil440,2867737,54892-66,885029,337100
Soybeans715,8352551,40143-22,59261-28,80924
Corn1,397,4584297,00568-237,59338-59,4129
Coffee306,3636366,57197-71,02244,45119
Sugar888,35428247,37587-293,1351345,76064
Wheat373,320177,312533,69544-11,00749

 

CORN Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe CORN large speculator standing this week recorded a net position of 297,005 contracts in the data reported through Tuesday. This was a weekly boost of 18,459 contracts from the previous week which had a total of 278,546 net contracts.

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This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 68.0 percent. The commercials are Bearish with a score of 38.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.9 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.448.09.0
– Percent of Open Interest Shorts:8.165.013.3
– Net Position:297,005-237,593-59,412
– Gross Longs:410,799670,303126,389
– Gross Shorts:113,794907,896185,801
– Long to Short Ratio:3.6 to 10.7 to 10.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):68.038.18.9
– COT Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.32.78.5

 

SUGAR Futures:

2-Year Treasury Bonds Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 247,375 contracts in the data reported through Tuesday. This was a weekly fall of -1,540 contracts from the previous week which had a total of 248,915 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.5 percent. The commercials are Bearish-Extreme with a score of 12.6 percent and the small traders (not shown in chart) are Bullish with a score of 64.4 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.441.910.0
– Percent of Open Interest Shorts:5.674.94.8
– Net Position:247,375-293,13545,760
– Gross Longs:296,884372,00688,637
– Gross Shorts:49,509665,14142,877
– Long to Short Ratio:6.0 to 10.6 to 12.1 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):87.512.664.4
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-10.610.9-6.9

 

COFFEE Futures:

5-Year Treasury Bonds Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 66,571 contracts in the data reported through Tuesday. This was a weekly lift of 996 contracts from the previous week which had a total of 65,575 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 96.9 percent. The commercials are Bearish-Extreme with a score of 4.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.1 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.639.63.8
– Percent of Open Interest Shorts:5.962.82.4
– Net Position:66,571-71,0224,451
– Gross Longs:84,602121,36511,705
– Gross Shorts:18,031192,3877,254
– Long to Short Ratio:4.7 to 10.6 to 11.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):96.94.219.1
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:7.7-8.40.5

 

SOYBEANS Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe SOYBEANS large speculator standing this week recorded a net position of 51,401 contracts in the data reported through Tuesday. This was a weekly reduction of -13,319 contracts from the previous week which had a total of 64,720 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 43.1 percent. The commercials are Bullish with a score of 60.5 percent and the small traders (not shown in chart) are Bearish with a score of 23.9 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:19.256.26.7
– Percent of Open Interest Shorts:12.059.410.8
– Net Position:51,401-22,592-28,809
– Gross Longs:137,547402,37648,264
– Gross Shorts:86,146424,96877,073
– Long to Short Ratio:1.6 to 10.9 to 10.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):43.160.523.9
– COT Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.413.6-12.6

 

SOYBEAN MEAL Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 2,462 contracts in the data reported through Tuesday. This was a weekly fall of -11,337 contracts from the previous week which had a total of 13,799 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.3 percent. The commercials are Bullish with a score of 69.2 percent and the small traders (not shown in chart) are Bearish with a score of 49.5 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.149.011.9
– Percent of Open Interest Shorts:19.554.67.0
– Net Position:2,462-22,15319,691
– Gross Longs:80,454196,02747,656
– Gross Shorts:77,992218,18027,965
– Long to Short Ratio:1.0 to 10.9 to 11.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):30.369.249.5
– COT Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-27.625.58.0

 

LIVE CATTLE Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe LIVE CATTLE large speculator standing this week recorded a net position of 33,852 contracts in the data reported through Tuesday. This was a weekly fall of -6,311 contracts from the previous week which had a total of 40,163 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 11.7 percent. The commercials are Bullish-Extreme with a score of 84.3 percent and the small traders (not shown in chart) are Bullish with a score of 74.6 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.744.910.8
– Percent of Open Interest Shorts:19.054.812.6
– Net Position:33,852-28,700-5,152
– Gross Longs:88,928130,12531,412
– Gross Shorts:55,076158,82536,564
– Long to Short Ratio:1.6 to 10.8 to 10.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):11.784.374.6
– COT Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-41.942.526.7

 

LEAN HOGS Futures:

Eurodollar Bonds Futures COT ChartThe LEAN HOGS large speculator standing this week recorded a net position of 73,429 contracts in the data reported through Tuesday. This was a weekly rise of 9,406 contracts from the previous week which had a total of 64,023 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.2 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.7 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:42.730.07.3
– Percent of Open Interest Shorts:14.252.213.7
– Net Position:73,429-57,148-16,281
– Gross Longs:109,94777,17718,907
– Gross Shorts:36,518134,32535,188
– Long to Short Ratio:3.0 to 10.6 to 10.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):87.223.20.7
– COT Index Reading (3 Year Range):Bullish-ExtremeBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.31.9-2.8

 

COTTON Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 121,286 contracts in the data reported through Tuesday. This was a weekly advance of 5,154 contracts from the previous week which had a total of 116,132 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 100.0 percent. The commercials are Bearish-Extreme with a score of 0.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.5 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:46.232.97.3
– Percent of Open Interest Shorts:4.578.73.2
– Net Position:121,286-133,28511,999
– Gross Longs:134,30795,68721,371
– Gross Shorts:13,021228,9729,372
– Long to Short Ratio:10.3 to 10.4 to 12.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):100.00.088.5
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:10.8-10.55.4

 

COCOA Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe COCOA large speculator standing this week recorded a net position of 43,997 contracts in the data reported through Tuesday. This was a weekly gain of 19,721 contracts from the previous week which had a total of 24,276 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 63.5 percent. The commercials are Bearish with a score of 35.7 percent and the small traders (not shown in chart) are Bullish with a score of 57.4 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.546.44.9
– Percent of Open Interest Shorts:14.065.63.2
– Net Position:43,997-48,3014,304
– Gross Longs:79,217116,79212,283
– Gross Shorts:35,220165,0937,979
– Long to Short Ratio:2.2 to 10.7 to 11.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):63.535.757.4
– COT Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.4-10.515.7

 

WHEAT Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of 7,312 contracts in the data reported through Tuesday. This was a weekly rise of 10,957 contracts from the previous week which had a total of -3,645 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 53.2 percent. The commercials are Bearish with a score of 44.4 percent and the small traders (not shown in chart) are Bearish with a score of 49.0 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.841.28.1
– Percent of Open Interest Shorts:23.840.211.0
– Net Position:7,3123,695-11,007
– Gross Longs:96,203153,94230,210
– Gross Shorts:88,891150,24741,217
– Long to Short Ratio:1.1 to 11.0 to 10.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):53.244.449.0
– COT Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-23.628.1-5.6

 

Article By InvestMacro.com – Receive our weekly COT Reports by Email

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators).

Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).


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