30 Oct

COT Soft Commodities Charts: Speculators push Corn bullish bets to 9-week high

October 30, 2021

By InvestMacro.com COT Home | Data Tables | Data Downloads | 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 26th 2021 and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Highlighting this week’s COT Soft Commodity’s data is the speculator’s sharp increase in bullish bets for Corn. Corn bets jumped by over +30,000 contracts this week which marked the largest one-week gain in the past forty-three weeks. The rise brought the overall net position back above the +300,000 net contract level for the first time since August 31st. Overall, Corn speculative positions have remained in bullish territory for sixty-one weeks after turning from bearish to bullish back in August of 2020.

Data Snapshot of Commodity Market Traders | Columns Legend
Oct-26-2021OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude2,144,35933423,71847-472,4124148,69484
Gold509,79428214,56062-239,6543825,09441
Silver141,581837,53260-51,5044813,97221
Copper222,9274337,27969-45,870288,59175
Palladium10,20517-2,95422,96297-844
Platinum58,1611914,90224-21,280796,37851
Natural Gas1,295,27142-138,1883796,3616141,82785
Brent200,76840-17,8109812,64815,16281
Heating Oil423,1436325,79180-49,6351823,84481
Soybeans658,9601243,23041-10,17763-33,05317
Corn1,438,93011307,81069-252,05936-55,75111
Coffee307,1956467,59398-71,91634,32318
Sugar874,74221198,60777-244,3412245,73464
Wheat405,62533763488,75349-9,51656

 

CORN Futures:

Federal Funds 30-Day Bonds Futures COT ChartThe CORN large speculator standing this week totaled a net position of 307,810 contracts in the data reported through Tuesday. This was a weekly rise of 30,781 contracts from the previous week which had a total of 277,029 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 69.4 percent. The commercials are Bearish with a score of 36.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 11.0 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.148.59.2
– Percent of Open Interest Shorts:6.766.113.1
– Net Position:307,810-252,059-55,751
– Gross Longs:404,890698,417132,371
– Gross Shorts:97,080950,476188,122
– Long to Short Ratio:4.2 to 10.7 to 10.7 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):69.436.011.0
– COT Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.3-8.66.6

 

SUGAR Futures:

2-Year Treasury Bonds Futures COT ChartThe SUGAR large speculator standing this week totaled a net position of 198,607 contracts in the data reported through Tuesday. This was a weekly fall of -12,943 contracts from the previous week which had a total of 211,550 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 77.4 percent. The commercials are Bearish with a score of 21.8 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:29.644.910.9
– Percent of Open Interest Shorts:6.972.85.6
– Net Position:198,607-244,34145,734
– Gross Longs:258,776392,73394,957
– Gross Shorts:60,169637,07449,223
– Long to Short Ratio:4.3 to 10.6 to 11.9 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):77.421.864.4
– COT Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.410.93.6

 

COFFEE Futures:

5-Year Treasury Bonds Futures COT ChartThe COFFEE large speculator standing this week totaled a net position of 67,593 contracts in the data reported through Tuesday. This was a weekly fall of -1,296 contracts from the previous week which had a total of 68,889 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 97.7 percent. The commercials are Bearish-Extreme with a score of 3.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.2 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.640.93.6
– Percent of Open Interest Shorts:5.664.32.2
– Net Position:67,593-71,9164,323
– Gross Longs:84,760125,63211,211
– Gross Shorts:17,167197,5486,888
– Long to Short Ratio:4.9 to 10.6 to 11.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):97.73.518.2
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.9-7.50.3

 

SOYBEANS Futures:

10-Year Treasury Notes Bonds Futures COT ChartThe SOYBEANS large speculator standing this week totaled a net position of 43,230 contracts in the data reported through Tuesday. This was a weekly reduction of -311 contracts from the previous week which had a total of 43,541 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 41.1 percent. The commercials are Bullish with a score of 63.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.8 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:19.157.38.0
– Percent of Open Interest Shorts:12.658.913.1
– Net Position:43,230-10,177-33,053
– Gross Longs:126,049377,73253,042
– Gross Shorts:82,819387,90986,095
– Long to Short Ratio:1.5 to 11.0 to 10.6 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):41.163.416.8
– COT Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-5.68.3-21.4

 

SOYBEAN MEAL Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe SOYBEAN MEAL large speculator standing this week totaled a net position of 23,419 contracts in the data reported through Tuesday. This was a weekly boost of 14,305 contracts from the previous week which had a total of 9,114 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 42.5 percent. The commercials are Bullish with a score of 54.4 percent and the small traders (not shown in chart) are Bullish with a score of 71.2 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.447.712.6
– Percent of Open Interest Shorts:15.158.76.9
– Net Position:23,419-48,52125,102
– Gross Longs:90,211210,36455,643
– Gross Shorts:66,792258,88530,541
– Long to Short Ratio:1.4 to 10.8 to 11.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):42.554.471.2
– COT Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.1-10.734.5

 

LIVE CATTLE Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe LIVE CATTLE large speculator standing this week totaled a net position of 44,978 contracts in the data reported through Tuesday. This was a weekly fall of -3,513 contracts from the previous week which had a total of 48,491 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 19.2 percent. The commercials are Bullish with a score of 76.8 percent and the small traders (not shown in chart) are Bullish with a score of 69.9 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.641.710.4
– Percent of Open Interest Shorts:16.854.912.9
– Net Position:44,978-37,895-7,083
– Gross Longs:93,043119,06329,714
– Gross Shorts:48,065156,95836,797
– Long to Short Ratio:1.9 to 10.8 to 10.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):19.276.869.9
– COT Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-5.55.15.0

 

LEAN HOGS Futures:

Eurodollar Bonds Futures COT ChartThe LEAN HOGS large speculator standing this week totaled a net position of 54,057 contracts in the data reported through Tuesday. This was a weekly decline of -11,125 contracts from the previous week which had a total of 65,182 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 66.9 percent. The commercials are Bearish with a score of 42.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.5 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.832.77.5
– Percent of Open Interest Shorts:16.849.214.0
– Net Position:54,057-38,763-15,294
– Gross Longs:93,40676,62017,605
– Gross Shorts:39,349115,38332,899
– Long to Short Ratio:2.4 to 10.7 to 10.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):66.942.69.5
– COT Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-13.814.1-0.6

 

COTTON Futures:

Ultra 10-Year Treasury Notes Bonds Futures COT ChartThe COTTON large speculator standing this week totaled a net position of 102,069 contracts in the data reported through Tuesday. This was a weekly decline of -2,354 contracts from the previous week which had a total of 104,423 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 87.7 percent. The commercials are Bearish-Extreme with a score of 10.7 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.1 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.738.27.9
– Percent of Open Interest Shorts:3.978.53.4
– Net Position:102,069-114,97012,901
– Gross Longs:113,246108,97922,564
– Gross Shorts:11,177223,9499,663
– Long to Short Ratio:10.1 to 10.5 to 12.3 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):87.710.794.1
– COT Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-3.92.412.9

 

COCOA Futures:

US Year Treasury Notes Long Bonds Futures COT ChartThe COCOA large speculator standing this week totaled a net position of 19,198 contracts in the data reported through Tuesday. This was a weekly lowering of -3,623 contracts from the previous week which had a total of 22,821 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 40.8 percent. The commercials are Bullish with a score of 58.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.6 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.252.44.8
– Percent of Open Interest Shorts:17.461.93.1
– Net Position:19,198-23,2564,058
– Gross Longs:61,920128,63711,662
– Gross Shorts:42,722151,8937,604
– Long to Short Ratio:1.4 to 10.8 to 11.5 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):40.858.154.6
– COT Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-8.16.912.7

 

WHEAT Futures:

Ultra US Year Treasury Notes Long Bonds Futures COT ChartThe WHEAT large speculator standing this week totaled a net position of 763 contracts in the data reported through Tuesday. This was a weekly lift of 9,329 contracts from the previous week which had a total of -8,566 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 47.7 percent. The commercials are Bearish with a score of 49.4 percent and the small traders (not shown in chart) are Bullish with a score of 56.1 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.238.87.8
– Percent of Open Interest Shorts:25.036.610.2
– Net Position:7638,753-9,516
– Gross Longs:102,322157,39231,777
– Gross Shorts:101,559148,63941,293
– Long to Short Ratio:1.0 to 11.1 to 10.8 to 1
NET POSITION TREND:
– COT Index Score (3 Year Range Pct):47.749.456.1
– COT Index Reading (3 Year Range):BearishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-3.20.714.9

 

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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