Archive for Soft Commodities – Page 10

01 Oct

Soft Commodities Speculator Bets go lower led by Soybean Meal, Lean Hogs & Live Cattle

By InvestMacro

Soft Commodities Speculator Bets go lower led by Soybean Meal, Lean Hogs & Live Cattle

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

The latest COT data is updated through Tuesday September 27th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes go lower this week led by Soybean Meal, Lean Hogs & Live Cattle

The COT soft commodities speculator bets were lower this week as three out of the eleven soft commodities markets we cover had higher positioning this week while the other eight markets had decreases in contracts.

Leading the gains for soft commodities markets was Sugar (11,256 contracts) with Wheat (6,764 contracts) and Coffee (3,608 contracts) also showing positive weeks.

The softs market leading the declines in speculator bets this week was Soybean Meal (-11,395 contracts) with Lean Hogs (-10,484 contracts), Live Cattle (-9,400 contracts), Corn (-9,055 contracts), Soybeans (-4,722 contracts), Cocoa (-3,818 contracts), Soybean Oil (-2,424 contracts) and Cotton (-1,875 contracts) also registering lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Sep-27-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,504,9913226,0804-246,8729820,79235
Gold457,061152,0810-62,13810010,0571
Silver129,000075815-6,860896,1020
Copper173,66113-27,7561628,88486-1,12819
Palladium6,0801-831181,23682-40520
Platinum58,994201619-2,525932,3640
Natural Gas943,2410-152,12433121,1356930,98954
Brent167,44414-41,2574240,4906176720
Heating Oil290,2653111,41459-21,6254810,21134
Soybeans699,3112780,05138-50,20671-29,84521
Corn1,347,27811296,62268-229,43639-67,1864
Coffee185,149144,68077-46,664271,98418
Sugar710,887248,60147-56,409577,80818
Wheat290,77122,735234,67566-7,41072

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (91.5 percent) leads the soft commodity markets and remains in a bullish extreme position (above 80 percent). Coffee (77.4 percent) and Corn (67.9 percent) come in as the next highest soft commodity markets in strength scores.

On the downside, Cocoa (7.2 percent) comes in at the lowest strength level currently and is in a bearish extreme position with a score below 20 percent. The next markets with the lowest scores are Wheat (22.6 percent) and Soybeans (37.9 percent).

 

Strength Statistics:
Corn (67.9 percent) vs Corn previous week (69.1 percent)
Sugar (46.6 percent) vs Sugar previous week (44.3 percent)
Coffee (77.4 percent) vs Coffee previous week (74.3 percent)
Soybeans (37.9 percent) vs Soybeans previous week (39.4 percent)
Soybean Oil (40.7 percent) vs Soybean Oil previous week (42.4 percent)
Soybean Meal (91.5 percent) vs Soybean Meal previous week (97.9 percent)
Live Cattle (55.8 percent) vs Live Cattle previous week (67.6 percent)
Lean Hogs (49.9 percent) vs Lean Hogs previous week (61.3 percent)
Cotton (45.2 percent) vs Cotton previous week (46.5 percent)
Cocoa (7.2 percent) vs Cocoa previous week (11.0 percent)
Wheat (22.6 percent) vs Wheat previous week (13.8 percent)

 

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that Corn (9.8 percent), Coffee (9.7 percent) and Soybean Oil (9.6 percent) lead the past six weeks trends for soft commodity markets. Wheat (6.0 percent) and Soybean Meal (1.6 percent) round out the other positive movers in the latest trends data.

Lean Hogs (-20.0 percent) leads the downside trend scores currently while the next market with lower trend scores was Cocoa (-6.9 percent) followed by Cotton (-1.5 percent).

 

Strength Trend Statistics:
Corn (9.8 percent) vs Corn previous week (12.1 percent)
Sugar (-0.3 percent) vs Sugar previous week (2.3 percent)
Coffee (9.7 percent) vs Coffee previous week (9.2 percent)
Soybeans (-1.0 percent) vs Soybeans previous week (-1.3 percent)
Soybean Oil (9.6 percent) vs Soybean Oil previous week (18.2 percent)
Soybean Meal (1.6 percent) vs Soybean Meal previous week (8.0 percent)
Live Cattle (-0.5 percent) vs Live Cattle previous week (27.3 percent)
Lean Hogs (-20.0 percent) vs Lean Hogs previous week (-0.1 percent)
Cotton (-1.5 percent) vs Cotton previous week (5.3 percent)
Cocoa (-6.9 percent) vs Cocoa previous week (-0.4 percent)
Wheat (6.0 percent) vs Wheat previous week (-0.8 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week resulted in a net position of 296,622 contracts in the data reported through Tuesday. This was a weekly fall of -9,055 contracts from the previous week which had a total of 305,677 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 67.9 percent. The commercials are Bearish with a score of 39.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 4.4 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.944.88.7
– Percent of Open Interest Shorts:8.961.913.7
– Net Position:296,622-229,436-67,186
– Gross Longs:415,961604,188117,870
– Gross Shorts:119,339833,624185,056
– Long to Short Ratio:3.5 to 10.7 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):67.939.24.4
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.8-9.0-7.7

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week resulted in a net position of 48,601 contracts in the data reported through Tuesday. This was a weekly boost of 11,256 contracts from the previous week which had a total of 37,345 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 46.6 percent. The commercials are Bullish with a score of 57.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.5 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.154.99.8
– Percent of Open Interest Shorts:17.262.88.7
– Net Position:48,601-56,4097,808
– Gross Longs:171,124390,23269,802
– Gross Shorts:122,523446,64161,994
– Long to Short Ratio:1.4 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.657.517.5
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.31.0-5.0

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week resulted in a net position of 44,680 contracts in the data reported through Tuesday. This was a weekly rise of 3,608 contracts from the previous week which had a total of 41,072 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 26.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.7 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.044.54.9
– Percent of Open Interest Shorts:5.869.73.8
– Net Position:44,680-46,6641,984
– Gross Longs:55,45482,4489,049
– Gross Shorts:10,774129,1127,065
– Long to Short Ratio:5.1 to 10.6 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):77.426.917.7
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.7-10.31.3

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week resulted in a net position of 80,051 contracts in the data reported through Tuesday. This was a weekly decline of -4,722 contracts from the previous week which had a total of 84,773 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 37.9 percent. The commercials are Bullish with a score of 71.2 percent and the small traders (not shown in chart) are Bearish with a score of 20.6 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:21.452.66.2
– Percent of Open Interest Shorts:10.059.810.4
– Net Position:80,051-50,206-29,845
– Gross Longs:149,774367,74443,219
– Gross Shorts:69,723417,95073,064
– Long to Short Ratio:2.1 to 10.9 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):37.971.220.6
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.00.42.9

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week resulted in a net position of 54,987 contracts in the data reported through Tuesday. This was a weekly decline of -2,424 contracts from the previous week which had a total of 57,411 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 40.7 percent. The commercials are Bullish with a score of 61.9 percent and the small traders (not shown in chart) are Bearish with a score of 35.7 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.548.46.9
– Percent of Open Interest Shorts:8.963.55.4
– Net Position:54,987-60,9595,972
– Gross Longs:91,132196,32228,053
– Gross Shorts:36,145257,28122,081
– Long to Short Ratio:2.5 to 10.8 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):40.761.935.7
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.6-8.90.7

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week resulted in a net position of 115,075 contracts in the data reported through Tuesday. This was a weekly reduction of -11,395 contracts from the previous week which had a total of 126,470 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 91.5 percent. The commercials are Bearish-Extreme with a score of 11.0 percent and the small traders (not shown in chart) are Bullish with a score of 53.6 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.939.712.3
– Percent of Open Interest Shorts:3.776.16.2
– Net Position:115,075-138,37123,296
– Gross Longs:129,268151,41646,999
– Gross Shorts:14,193289,78723,703
– Long to Short Ratio:9.1 to 10.5 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):91.511.053.6
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:1.6-1.3-2.1

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week resulted in a net position of 60,967 contracts in the data reported through Tuesday. This was a weekly decline of -9,400 contracts from the previous week which had a total of 70,367 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 55.8 percent. The commercials are Bearish with a score of 33.4 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 86.5 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.633.211.1
– Percent of Open Interest Shorts:18.253.612.0
– Net Position:60,967-58,327-2,640
– Gross Longs:112,89794,74231,567
– Gross Shorts:51,930153,06934,207
– Long to Short Ratio:2.2 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):55.833.486.5
– Strength Index Reading (3 Year Range):BullishBearishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.50.6-0.0

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week resulted in a net position of 39,631 contracts in the data reported through Tuesday. This was a weekly decline of -10,484 contracts from the previous week which had a total of 50,115 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 49.9 percent. The commercials are Bullish with a score of 56.1 percent and the small traders (not shown in chart) are Bullish with a score of 54.8 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:40.734.98.8
– Percent of Open Interest Shorts:21.450.312.7
– Net Position:39,631-31,593-8,038
– Gross Longs:83,52171,74118,012
– Gross Shorts:43,890103,33426,050
– Long to Short Ratio:1.9 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.956.154.8
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-20.021.02.9

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week resulted in a net position of 42,079 contracts in the data reported through Tuesday. This was a weekly reduction of -1,875 contracts from the previous week which had a total of 43,954 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 45.2 percent. The commercials are Bullish with a score of 57.5 percent and the small traders (not shown in chart) are Bearish with a score of 22.8 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.150.05.4
– Percent of Open Interest Shorts:12.970.14.5
– Net Position:42,079-44,0161,937
– Gross Longs:70,391109,62911,741
– Gross Shorts:28,312153,6459,804
– Long to Short Ratio:2.5 to 10.7 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):45.257.522.8
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.53.9-25.5

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week resulted in a net position of -9,759 contracts in the data reported through Tuesday. This was a weekly decrease of -3,818 contracts from the previous week which had a total of -5,941 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 7.2 percent. The commercials are Bullish-Extreme with a score of 93.1 percent and the small traders (not shown in chart) are Bearish with a score of 37.5 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.745.24.8
– Percent of Open Interest Shorts:35.843.43.5
– Net Position:-9,7595,6604,099
– Gross Longs:102,300141,68914,973
– Gross Shorts:112,059136,02910,874
– Long to Short Ratio:0.9 to 11.0 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):7.293.137.5
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-6.95.415.1

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week resulted in a net position of 2,735 contracts in the data reported through Tuesday. This was a weekly gain of 6,764 contracts from the previous week which had a total of -4,029 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 22.6 percent. The commercials are Bullish with a score of 66.3 percent and the small traders (not shown in chart) are Bullish with a score of 71.9 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.240.79.3
– Percent of Open Interest Shorts:29.339.111.9
– Net Position:2,7354,675-7,410
– Gross Longs:87,885118,36027,059
– Gross Shorts:85,150113,68534,469
– Long to Short Ratio:1.0 to 11.0 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):22.666.371.9
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.0-3.9-9.7

 

Article By InvestMacro – Receive our weekly COT Newsletter

*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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

COT Updates Financial News investing Soft Commodities
25 Sep

Soybean Meal Bullish Speculator bets leads weekly COT Soft Commodities changes

By InvestMacro

Soft Commodities Open Interest Comparison

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

The latest COT data is updated through Tuesday September 20th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Soybean Meal leads positive Weekly Speculator Changes while Sugar see weekly drop

Soft Commodities Speculator Net Position Changes

The COT soft commodities speculator bets were slightly higher this week as six out of the eleven soft commodities markets we cover had higher positioning this week while the other five markets had decreases in contracts.

Leading the gains for soft commodities markets was Soybean Meal (12,293 contracts) with Corn (11,108 contracts), Lean Hogs (10,953 contracts), Wheat (4,099 contracts), Soybean Oil (2,830 contracts) and Live Cattle (1,947 contracts) also showing positive weeks.

The softs markets leading the declines in speculator bets this week was Sugar (-30,985 contracts) with Soybeans (-7,337 contracts), Cotton (-4,086 contracts), Coffee (-1,195 contracts) and Cocoa (-67 contracts) also registering lower bets on the week.

Highlighting the COT Soft Commodities data is the gains in Soybean Meal speculator bets. Speculative net positions rose for a second straight week and for the ninth time out of the past twelve weeks. This recent bullishness has pushed Soybean Meal net positions to the highest level of the past 26 weeks, dating back to March 22nd of this year. The speculator positioning for this market currently represents the highest strength score among all the futures markets (50+ markets) we cover with a 97.9 percent score and an extreme bullish reading.

Data Snapshot of Commodity Market Traders | Columns Legend
Sep-20-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,481,5451239,8788-261,5689421,69036
Gold469,395565,7220-75,4281009,7060
Silver132,1070-1,64012-5,629907,2694
Copper163,0584-20,2862223,21582-2,9298
Palladium5,9931-1,081171,26182-18033
Platinum62,900272,39012-5,496893,1065
Natural Gas960,2361-155,71132121,3086934,40362
Brent164,02511-37,9034836,732541,17125
Heating Oil292,6343214,09763-25,9414411,84439
Soybeans656,3101884,77339-55,48570-29,28822
Corn1,330,8419305,67769-241,23838-64,4396
Coffee191,433541,07274-42,998301,92617
Sugar744,972837,34544-35,86061-1,4856
Wheat285,5670-4,029149,98274-5,95380

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (97.9 percent) leads the soft commodity markets and is in a bullish extreme position (above 80 percent). Coffee (74.3 percent), Corn (69.1 percent) and Live Cattle (67.6 percent) come in as the next highest soft commodity markets in strength scores.

On the downside, Cocoa (11.0 percent) and Wheat (13.8 percent) come in at the lowest strength levels currently and are in bearish extreme positions (below 20 percent).

Soft Commodities Speculator Strength Scores
Strength Statistics:
Corn (69.1 percent) vs Corn previous week (67.7 percent)
Sugar (44.3 percent) vs Sugar previous week (50.7 percent)
Coffee (74.3 percent) vs Coffee previous week (75.4 percent)
Soybeans (39.4 percent) vs Soybeans previous week (41.7 percent)
Soybean Oil (42.4 percent) vs Soybean Oil previous week (40.4 percent)
Soybean Meal (97.9 percent) vs Soybean Meal previous week (91.0 percent)
Live Cattle (67.6 percent) vs Live Cattle previous week (65.2 percent)
Lean Hogs (61.3 percent) vs Lean Hogs previous week (49.4 percent)
Cotton (46.5 percent) vs Cotton previous week (49.3 percent)
Cocoa (11.0 percent) vs Cocoa previous week (11.0 percent)
Wheat (13.8 percent) vs Wheat previous week (8.5 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Live Cattle (27.3 percent) and Soybean Oil (18.2 percent) sentiment have led the positive moves  over the past six weeks. Corn (12.1 percent), Coffee (9.2 percent) and Soybean Meal (8.0 percent) fill out the next top movers in the latest trends data.

Soybeans (-1.3 percent) lead the downside trend scores currently with the next markets with lower trend scores being Wheat (-0.8 percent), Cocoa (-0.4 percent) and Lean Hogs (-0.1 percent).

Soft Commodities Strength Score Trends (6 Week)
Strength Trend Statistics:
Corn (12.1 percent) vs Corn previous week (11.9 percent)
Sugar (2.3 percent) vs Sugar previous week (7.0 percent)
Coffee (9.2 percent) vs Coffee previous week (13.0 percent)
Soybeans (-1.3 percent) vs Soybeans previous week (-0.1 percent)
Soybean Oil (18.2 percent) vs Soybean Oil previous week (16.6 percent)
Soybean Meal (8.0 percent) vs Soybean Meal previous week (2.5 percent)
Live Cattle (27.3 percent) vs Live Cattle previous week (39.5 percent)
Lean Hogs (-0.1 percent) vs Lean Hogs previous week (-0.6 percent)
Cotton (5.3 percent) vs Cotton previous week (7.5 percent)
Cocoa (-0.4 percent) vs Cocoa previous week (-3.9 percent)
Wheat (-0.8 percent) vs Wheat previous week (-9.6 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week reached a net position of 305,677 contracts in the data reported through Tuesday. This was a weekly gain of 11,108 contracts from the previous week which had a total of 294,569 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 69.1 percent. The commercials are Bearish with a score of 37.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.0 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.544.48.7
– Percent of Open Interest Shorts:9.662.613.6
– Net Position:305,677-241,238-64,439
– Gross Longs:432,909591,425116,001
– Gross Shorts:127,232832,663180,440
– Long to Short Ratio:3.4 to 10.7 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):69.137.56.0
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:12.1-11.5-8.3

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week reached a net position of 37,345 contracts in the data reported through Tuesday. This was a weekly fall of -30,985 contracts from the previous week which had a total of 68,330 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 44.3 percent. The commercials are Bullish with a score of 61.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 6.0 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.057.08.7
– Percent of Open Interest Shorts:17.061.88.9
– Net Position:37,345-35,860-1,485
– Gross Longs:164,043424,44364,709
– Gross Shorts:126,698460,30366,194
– Long to Short Ratio:1.3 to 10.9 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):44.361.36.0
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:2.3-1.0-7.5

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week reached a net position of 41,072 contracts in the data reported through Tuesday. This was a weekly decline of -1,195 contracts from the previous week which had a total of 42,267 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 74.3 percent. The commercials are Bearish with a score of 30.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.2 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.447.44.7
– Percent of Open Interest Shorts:5.969.93.7
– Net Position:41,072-42,9981,926
– Gross Longs:52,37790,7269,048
– Gross Shorts:11,305133,7247,122
– Long to Short Ratio:4.6 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):74.330.217.2
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.2-10.610.2

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week reached a net position of 84,773 contracts in the data reported through Tuesday. This was a weekly reduction of -7,337 contracts from the previous week which had a total of 92,110 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 39.4 percent. The commercials are Bullish with a score of 69.6 percent and the small traders (not shown in chart) are Bearish with a score of 21.5 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.354.66.2
– Percent of Open Interest Shorts:11.463.010.7
– Net Position:84,773-55,485-29,288
– Gross Longs:159,789358,17240,819
– Gross Shorts:75,016413,65770,107
– Long to Short Ratio:2.1 to 10.9 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):39.469.621.5
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.32.3-5.7

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week reached a net position of 57,411 contracts in the data reported through Tuesday. This was a weekly rise of 2,830 contracts from the previous week which had a total of 54,581 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 42.4 percent. The commercials are Bullish with a score of 58.2 percent and the small traders (not shown in chart) are Bearish with a score of 48.3 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.150.37.9
– Percent of Open Interest Shorts:7.966.85.6
– Net Position:57,411-66,7409,329
– Gross Longs:89,528203,40331,920
– Gross Shorts:32,117270,14322,591
– Long to Short Ratio:2.8 to 10.8 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):42.458.248.3
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:18.2-19.316.3

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week reached a net position of 126,470 contracts in the data reported through Tuesday. This was a weekly rise of 12,293 contracts from the previous week which had a total of 114,177 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 97.9 percent. The commercials are Bearish-Extreme with a score of 4.0 percent and the small traders (not shown in chart) are Bullish with a score of 64.4 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.239.912.9
– Percent of Open Interest Shorts:3.078.66.4
– Net Position:126,470-151,85425,384
– Gross Longs:138,080156,67750,445
– Gross Shorts:11,610308,53125,061
– Long to Short Ratio:11.9 to 10.5 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):97.94.064.4
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.0-8.712.2

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week reached a net position of 70,367 contracts in the data reported through Tuesday. This was a weekly rise of 1,947 contracts from the previous week which had a total of 68,420 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 67.6 percent. The commercials are Bearish with a score of 24.2 percent and the small traders (not shown in chart) are Bullish with a score of 75.4 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:40.232.410.9
– Percent of Open Interest Shorts:16.754.112.7
– Net Position:70,367-65,032-5,335
– Gross Longs:120,43296,99832,801
– Gross Shorts:50,065162,03038,136
– Long to Short Ratio:2.4 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):67.624.275.4
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:27.3-24.1-17.4

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week reached a net position of 50,115 contracts in the data reported through Tuesday. This was a weekly lift of 10,953 contracts from the previous week which had a total of 39,162 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 61.3 percent. The commercials are Bearish with a score of 44.4 percent and the small traders (not shown in chart) are Bullish with a score of 52.2 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:42.834.39.2
– Percent of Open Interest Shorts:18.854.313.3
– Net Position:50,115-41,565-8,550
– Gross Longs:89,17871,38519,095
– Gross Shorts:39,063112,95027,645
– Long to Short Ratio:2.3 to 10.6 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):61.344.452.2
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.12.8-11.7

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week reached a net position of 43,954 contracts in the data reported through Tuesday. This was a weekly decline of -4,086 contracts from the previous week which had a total of 48,040 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 46.5 percent. The commercials are Bullish with a score of 53.8 percent and the small traders (not shown in chart) are Bearish with a score of 47.6 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.147.56.8
– Percent of Open Interest Shorts:12.770.54.1
– Net Position:43,954-49,7135,759
– Gross Longs:71,269102,27614,638
– Gross Shorts:27,315151,9898,879
– Long to Short Ratio:2.6 to 10.7 to 11.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.553.847.6
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:5.3-6.919.3

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week reached a net position of -5,941 contracts in the data reported through Tuesday. This was a weekly decrease of -67 contracts from the previous week which had a total of -5,874 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 11.0 percent. The commercials are Bullish-Extreme with a score of 90.3 percent and the small traders (not shown in chart) are Bearish with a score of 28.1 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.746.34.6
– Percent of Open Interest Shorts:34.745.43.5
– Net Position:-5,9412,7793,162
– Gross Longs:97,755138,57213,754
– Gross Shorts:103,696135,79310,592
– Long to Short Ratio:0.9 to 11.0 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):11.090.328.1
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.40.6-2.5

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week reached a net position of -4,029 contracts in the data reported through Tuesday. This was a weekly gain of 4,099 contracts from the previous week which had a total of -8,128 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 13.8 percent. The commercials are Bullish with a score of 73.9 percent and the small traders (not shown in chart) are Bullish with a score of 79.5 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.039.69.9
– Percent of Open Interest Shorts:32.536.112.0
– Net Position:-4,0299,982-5,953
– Gross Longs:88,644113,05528,213
– Gross Shorts:92,673103,07334,166
– Long to Short Ratio:1.0 to 11.1 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):13.873.979.5
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.80.12.9

 

Article By InvestMacro – Receive our weekly COT Newsletter

*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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

COT Updates Financial News investing Soft Commodities
17 Sep

Weekly Soft Commodities Speculator bets led higher by Soybeans, Sugar and Corn

By InvestMacro

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 September 13th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led higher by Soybeans, Sugar and Corn

COT soft commodities speculator bets were mostly higher this week as eight out of the eleven soft commodities markets we cover had higher positioning this week while XX markets had lower contracts.

Leading the gains for soft commodities markets was Soybeans (10,859 contracts) and Sugar (10,559 contracts) with Corn (8,022 contracts), Soybean Meal (7,042 contracts), Soybean Oil (5,799 contracts), Live Cattle (5,590 contracts), Lean Hogs (2,821 contracts) and Wheat (1,631 contracts) also showing a positive weeks.

The softs markets leading the declines in speculator bets this week were Cocoa (-10,338 contracts) and Coffee (-4,901 contracts) with Cotton (-2,672 contracts) also registering lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Sep-13-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,498,0593227,0574-244,0079816,95028
Gold463,674397,3442-110,9389913,5949
Silver135,5303-4,6409-2,551937,1914
Copper157,9000-18,9862320,51280-1,52616
Palladium6,0851-1,273161,45583-18233
Platinum68,57436-1,8797-2,051933,93017
Natural Gas977,1164-145,71535110,7946634,92163
Brent164,41512-39,0234634,919514,10465
Heating Oil290,9163116,06466-31,3533815,28951
Soybeans643,0181592,11042-61,42468-30,68619
Corn1,310,4116294,56968-234,17939-60,3908
Coffee197,6571042,26775-44,360292,09319
Sugar751,873968,33051-79,4265311,09622
Wheat287,0460-8,128812,97778-4,84985

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (91.0 percent) leads the soft commodity markets and is in a bullish extreme position (above 80 percent). Coffee (75.4 percent) and Corn (67.7 percent) come in as the next highest soft commodity markets in strength scores.

On the downside, Wheat (8.5 percent) and Cocoa (11.0 percent) come in as the lowest strength scores are both in bearish extreme levels (below 20 percent).


Strength Statistics:
Corn (67.7 percent) vs Corn previous week (66.6 percent)
Sugar (50.7 percent) vs Sugar previous week (48.5 percent)
Coffee (75.4 percent) vs Coffee previous week (79.6 percent)
Soybeans (41.7 percent) vs Soybeans previous week (38.3 percent)
Soybean Oil (40.4 percent) vs Soybean Oil previous week (36.4 percent)
Soybean Meal (91.0 percent) vs Soybean Meal previous week (87.1 percent)
Live Cattle (65.2 percent) vs Live Cattle previous week (58.1 percent)
Lean Hogs (49.4 percent) vs Lean Hogs previous week (46.3 percent)
Cotton (49.3 percent) vs Cotton previous week (51.2 percent)
Cocoa (11.0 percent) vs Cocoa previous week (21.3 percent)
Wheat (8.5 percent) vs Wheat previous week (6.4 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Live Cattle (39.5 percent) leads the past six weeks trends for soft commodity markets this week. Soybean Oil (16.6 percent), Coffee (13.0 percent) and Corn (11.9 percent) fill out the next highest top movers in the latest trends data.

Wheat (-9.6 percent) leads the downside trend scores currently while the next market with lower trend scores was Cocoa (-3.9 percent) followed by Lean Hogs (-0.6 percent) and Soybeans (-0.1 percent).


Strength Trend Statistics:
Corn (11.9 percent) vs Corn previous week (12.8 percent)
Sugar (7.0 percent) vs Sugar previous week (-1.3 percent)
Coffee (13.0 percent) vs Coffee previous week (16.0 percent)
Soybeans (-0.1 percent) vs Soybeans previous week (-1.2 percent)
Soybean Oil (16.6 percent) vs Soybean Oil previous week (19.1 percent)
Soybean Meal (2.5 percent) vs Soybean Meal previous week (0.3 percent)
Live Cattle (39.5 percent) vs Live Cattle previous week (33.7 percent)
Lean Hogs (-0.6 percent) vs Lean Hogs previous week (1.0 percent)
Cotton (7.5 percent) vs Cotton previous week (8.0 percent)
Cocoa (-3.9 percent) vs Cocoa previous week (1.0 percent)
Wheat (-9.6 percent) vs Wheat previous week (-12.7 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week reached a net position of 294,569 contracts in the data reported through Tuesday. This was a weekly boost of 8,022 contracts from the previous week which had a total of 286,547 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 67.7 percent. The commercials are Bearish with a score of 38.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.3 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.444.98.9
– Percent of Open Interest Shorts:9.962.813.5
– Net Position:294,569-234,179-60,390
– Gross Longs:424,311588,143116,795
– Gross Shorts:129,742822,322177,185
– Long to Short Ratio:3.3 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):67.738.58.3
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:11.9-12.1-4.9

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week reached a net position of 68,330 contracts in the data reported through Tuesday. This was a weekly boost of 10,559 contracts from the previous week which had a total of 57,771 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 50.7 percent. The commercials are Bullish with a score of 53.1 percent and the small traders (not shown in chart) are Bearish with a score of 21.6 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.354.19.0
– Percent of Open Interest Shorts:15.264.67.5
– Net Position:68,330-79,42611,096
– Gross Longs:182,761406,40967,735
– Gross Shorts:114,431485,83556,639
– Long to Short Ratio:1.6 to 10.8 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):50.753.121.6
– Strength Index Reading (3 Year Range):BullishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:7.0-8.412.7

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week reached a net position of 42,267 contracts in the data reported through Tuesday. This was a weekly decrease of -4,901 contracts from the previous week which had a total of 47,168 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 75.4 percent. The commercials are Bearish with a score of 29.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.7 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.747.44.7
– Percent of Open Interest Shorts:6.369.83.6
– Net Position:42,267-44,3602,093
– Gross Longs:54,74993,6139,237
– Gross Shorts:12,482137,9737,144
– Long to Short Ratio:4.4 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):75.429.018.7
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:13.0-14.912.9

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week reached a net position of 92,110 contracts in the data reported through Tuesday. This was a weekly rise of 10,859 contracts from the previous week which had a total of 81,251 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 41.7 percent. The commercials are Bullish with a score of 67.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.2 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.454.26.3
– Percent of Open Interest Shorts:11.163.811.0
– Net Position:92,110-61,424-30,686
– Gross Longs:163,326348,79540,216
– Gross Shorts:71,216410,21970,902
– Long to Short Ratio:2.3 to 10.9 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):41.767.819.2
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.11.3-6.4

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week reached a net position of 54,581 contracts in the data reported through Tuesday. This was a weekly gain of 5,799 contracts from the previous week which had a total of 48,782 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 40.4 percent. The commercials are Bullish with a score of 59.7 percent and the small traders (not shown in chart) are Bullish with a score of 50.2 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:21.751.08.1
– Percent of Open Interest Shorts:8.067.25.6
– Net Position:54,581-64,4179,836
– Gross Longs:86,257203,17032,312
– Gross Shorts:31,676267,58722,476
– Long to Short Ratio:2.7 to 10.8 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):40.459.750.2
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:16.6-20.632.1

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week reached a net position of 114,177 contracts in the data reported through Tuesday. This was a weekly lift of 7,042 contracts from the previous week which had a total of 107,135 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 91.0 percent. The commercials are Bearish-Extreme with a score of 11.3 percent and the small traders (not shown in chart) are Bullish with a score of 55.1 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.242.312.8
– Percent of Open Interest Shorts:3.478.26.6
– Net Position:114,177-137,76623,589
– Gross Longs:127,398162,43748,950
– Gross Shorts:13,221300,20325,361
– Long to Short Ratio:9.6 to 10.5 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):91.011.355.1
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:2.5-2.96.2

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week reached a net position of 68,420 contracts in the data reported through Tuesday. This was a weekly lift of 5,590 contracts from the previous week which had a total of 62,830 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 65.2 percent. The commercials are Bearish with a score of 27.0 percent and the small traders (not shown in chart) are Bullish with a score of 66.5 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.032.810.7
– Percent of Open Interest Shorts:16.153.912.5
– Net Position:68,420-62,992-5,428
– Gross Longs:116,37597,89631,907
– Gross Shorts:47,955160,88837,335
– Long to Short Ratio:2.4 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):65.227.066.5
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:39.5-35.6-20.4

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week reached a net position of 39,162 contracts in the data reported through Tuesday. This was a weekly rise of 2,821 contracts from the previous week which had a total of 36,341 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 49.4 percent. The commercials are Bullish with a score of 57.7 percent and the small traders (not shown in chart) are Bullish with a score of 50.3 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:38.036.79.4
– Percent of Open Interest Shorts:18.351.913.9
– Net Position:39,162-30,253-8,909
– Gross Longs:75,48072,96618,664
– Gross Shorts:36,318103,21927,573
– Long to Short Ratio:2.1 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.457.750.3
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-0.61.9-5.5

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week reached a net position of 48,040 contracts in the data reported through Tuesday. This was a weekly reduction of -2,672 contracts from the previous week which had a total of 50,712 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 49.3 percent. The commercials are Bullish with a score of 50.6 percent and the small traders (not shown in chart) are Bullish with a score of 53.3 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.845.66.9
– Percent of Open Interest Shorts:12.971.73.7
– Net Position:48,040-54,6856,645
– Gross Longs:74,99295,65914,436
– Gross Shorts:26,952150,3447,791
– Long to Short Ratio:2.8 to 10.6 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.350.653.3
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:7.5-10.231.9

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week reached a net position of -5,874 contracts in the data reported through Tuesday. This was a weekly reduction of -10,338 contracts from the previous week which had a total of 4,464 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 11.0 percent. The commercials are Bullish-Extreme with a score of 89.4 percent and the small traders (not shown in chart) are Bearish with a score of 36.1 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.846.64.9
– Percent of Open Interest Shorts:34.746.03.6
– Net Position:-5,8741,9173,957
– Gross Longs:98,670140,38814,705
– Gross Shorts:104,544138,47110,748
– Long to Short Ratio:0.9 to 11.0 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):11.089.436.1
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-3.91.820.7

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week reached a net position of -8,128 contracts in the data reported through Tuesday. This was a weekly increase of 1,631 contracts from the previous week which had a total of -9,759 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 8.5 percent. The commercials are Bullish with a score of 78.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 85.2 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.741.59.8
– Percent of Open Interest Shorts:33.537.011.5
– Net Position:-8,12812,977-4,849
– Gross Longs:88,091119,21928,202
– Gross Shorts:96,219106,24233,051
– Long to Short Ratio:0.9 to 11.1 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):8.578.185.2
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-9.63.027.6

 

Article By InvestMacro – Receive our weekly COT Reports by Email

*COT Reports: 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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

COT Updates Financial News investing Soft Commodities
11 Sep

COT Soft Commodities Speculator bets trend lower led by Soybean Meal & Lean Hogs

By InvestMacro

Soft Commodities Open Interest Comparison

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 for Week 36 is updated through Tuesday September 6th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes go lower led by Soybean Meal & Lean Hogs

COT Soft Commodities Speculator bets trend lower led by Soybean Meal & Lean Hogs

COT soft commodities speculator bets were lower this week as just three out of the eleven soft commodities markets we cover had higher positioning this week while the other eight markets had lower contracts.

Leading the gains for soft commodities markets was Corn (3,150 contracts) with Live Cattle (3,099 contracts) and Wheat (1,740 contracts) also showing positive weeks.

The softs markets leading the declines in speculator bets this week were Soybean Meal (-9,054 contracts) with Lean Hogs (-6,858 contracts), Soybean Oil (-5,176 contracts), Sugar (-4,780 contracts), Cocoa (-3,847 contracts), Soybeans (-2,311 contracts), Coffee (-1,519 contracts) and Cotton (-1,055 contracts) also recording lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Sep-06-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,480,3201214,4781-240,4179925,93943
Gold465,9084103,8574-114,0649810,2070
Silver138,3005-12,78405,0551007,7296
Copper160,2512-23,9901926,82084-2,8309
Palladium6,0651-1,602142,12987-52713
Platinum78,61053-6,75103,1521003,59912
Natural Gas984,6425-138,63837105,8026432,83658
Brent163,66611-36,3885032,508473,88062
Heating Oil280,2102717,86069-36,0893318,22962
Soybeans606,187781,25138-50,82671-30,42520
Corn1,280,0872286,54767-230,70239-55,84511
Coffee193,938747,16880-49,276252,10819
Sugar760,6011157,77149-61,944564,17313
Wheat289,3290-9,759613,67779-3,91890

 

Soybean Meal and Coffee lead the Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Soybean Meal (87.1 percent) leads the soft commodity markets and is in a bullish extreme position with a score above 80 percent. Coffee (79.6 percent) comes in as the next highest soft commodity markets market in strength scores followed by Corn (66.6 percent) and Live Cattle (58.1 percent).

On the downside, Wheat (6.4 percent) comes in at the lowest strength level currently and remains as the only market in a bearish extreme level with a score under 20 percent. The next lowest is Cocoa (21.3 percent) followed by Soybean Oil (36.4 percent).

COT Soft Commodities Speculator bets trend lower led by Soybean Meal & Lean Hogs

Strength Statistics:
Corn (66.6 percent) vs Corn previous week (66.2 percent)
Sugar (48.5 percent) vs Sugar previous week (49.5 percent)
Coffee (79.6 percent) vs Coffee previous week (80.9 percent)
Soybeans (38.3 percent) vs Soybeans previous week (39.0 percent)
Soybean Oil (36.4 percent) vs Soybean Oil previous week (40.0 percent)
Soybean Meal (87.1 percent) vs Soybean Meal previous week (92.2 percent)
Live Cattle (58.1 percent) vs Live Cattle previous week (54.3 percent)
Lean Hogs (46.3 percent) vs Lean Hogs previous week (53.8 percent)
Cotton (51.2 percent) vs Cotton previous week (51.9 percent)
Cocoa (21.3 percent) vs Cocoa previous week (25.1 percent)
Wheat (6.4 percent) vs Wheat previous week (4.1 percent)

Live Cattle and Soybean Oil at top of Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Live Cattle (33.7 percent) leads the past six weeks trends for soft commodity markets this week. Soybean Oil (19.1 percent), Coffee (16.0 percent) and Corn (12.8 percent) fill out the next highest movers in the latest trends data.

Wheat (-12.7 percent) leads the downside trend scores currently while the next market with lower trend scores were Sugar (-1.3 percent) followed by Soybeans at -1.2 percent.

COT Soft Commodities Speculator bets trend lower led by Soybean Meal & Lean Hogs

Strength Trend Statistics:
Corn (12.8 percent) vs Corn previous week (9.4 percent)
Sugar (-1.3 percent) vs Sugar previous week (-13.3 percent)
Coffee (16.0 percent) vs Coffee previous week (17.9 percent)
Soybeans (-1.2 percent) vs Soybeans previous week (-5.8 percent)
Soybean Oil (19.1 percent) vs Soybean Oil previous week (18.3 percent)
Soybean Meal (0.3 percent) vs Soybean Meal previous week (8.6 percent)
Live Cattle (33.7 percent) vs Live Cattle previous week (47.4 percent)
Lean Hogs (1.0 percent) vs Lean Hogs previous week (14.8 percent)
Cotton (8.0 percent) vs Cotton previous week (9.7 percent)
Cocoa (1.0 percent) vs Cocoa previous week (8.8 percent)
Wheat (-12.7 percent) vs Wheat previous week (-23.5 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week recorded a net position of 286,547 contracts in the data reported through Tuesday. This was a weekly increase of 3,150 contracts from the previous week which had a total of 283,397 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 66.6 percent. The commercials are Bearish with a score of 39.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.9 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.846.19.1
– Percent of Open Interest Shorts:9.464.213.5
– Net Position:286,547-230,702-55,845
– Gross Longs:406,895590,573116,649
– Gross Shorts:120,348821,275172,494
– Long to Short Ratio:3.4 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):66.639.010.9
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:12.8-13.1-4.7

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 57,771 contracts in the data reported through Tuesday. This was a weekly decline of -4,780 contracts from the previous week which had a total of 62,551 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 48.5 percent. The commercials are Bullish with a score of 56.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.0 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:23.453.98.3
– Percent of Open Interest Shorts:15.962.07.8
– Net Position:57,771-61,9444,173
– Gross Longs:178,344409,71863,249
– Gross Shorts:120,573471,66259,076
– Long to Short Ratio:1.5 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):48.556.413.0
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.30.73.1

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 47,168 contracts in the data reported through Tuesday. This was a weekly decline of -1,519 contracts from the previous week which had a total of 48,687 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 79.6 percent. The commercials are Bearish with a score of 24.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.9 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.545.44.8
– Percent of Open Interest Shorts:6.270.83.7
– Net Position:47,168-49,2762,108
– Gross Longs:59,22488,0139,278
– Gross Shorts:12,056137,2897,170
– Long to Short Ratio:4.9 to 10.6 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):79.624.518.9
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:16.0-18.517.2

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week recorded a net position of 81,251 contracts in the data reported through Tuesday. This was a weekly fall of -2,311 contracts from the previous week which had a total of 83,562 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 38.3 percent. The commercials are Bullish with a score of 71.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.6 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.155.26.2
– Percent of Open Interest Shorts:11.663.511.3
– Net Position:81,251-50,826-30,425
– Gross Longs:151,858334,37537,854
– Gross Shorts:70,607385,20168,279
– Long to Short Ratio:2.2 to 10.9 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):38.371.119.6
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-1.22.1-4.7

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week recorded a net position of 48,782 contracts in the data reported through Tuesday. This was a weekly decrease of -5,176 contracts from the previous week which had a total of 53,958 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 36.4 percent. The commercials are Bullish with a score of 65.5 percent and the small traders (not shown in chart) are Bearish with a score of 37.2 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.852.18.0
– Percent of Open Interest Shorts:8.466.26.4
– Net Position:48,782-55,1466,364
– Gross Longs:81,987205,20331,353
– Gross Shorts:33,205260,34924,989
– Long to Short Ratio:2.5 to 10.8 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):36.465.537.2
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:19.1-19.914.6

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 107,135 contracts in the data reported through Tuesday. This was a weekly decline of -9,054 contracts from the previous week which had a total of 116,189 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 87.1 percent. The commercials are Bearish-Extreme with a score of 17.1 percent and the small traders (not shown in chart) are Bearish with a score of 34.1 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.443.711.6
– Percent of Open Interest Shorts:4.876.36.5
– Net Position:107,135-126,64619,511
– Gross Longs:125,905170,12244,983
– Gross Shorts:18,770296,76825,472
– Long to Short Ratio:6.7 to 10.6 to 11.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):87.117.134.1
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:0.3-0.1-1.9

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week recorded a net position of 62,830 contracts in the data reported through Tuesday. This was a weekly advance of 3,099 contracts from the previous week which had a total of 59,731 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 58.1 percent. The commercials are Bearish with a score of 31.3 percent and the small traders (not shown in chart) are Bullish with a score of 75.3 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.632.310.6
– Percent of Open Interest Shorts:16.452.511.6
– Net Position:62,830-59,885-2,945
– Gross Longs:111,43395,82431,503
– Gross Shorts:48,603155,70934,448
– Long to Short Ratio:2.3 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):58.131.375.3
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:33.7-34.3-6.9

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week recorded a net position of 36,341 contracts in the data reported through Tuesday. This was a weekly decrease of -6,858 contracts from the previous week which had a total of 43,199 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 46.3 percent. The commercials are Bullish with a score of 58.7 percent and the small traders (not shown in chart) are Bullish with a score of 60.5 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:36.337.38.8
– Percent of Open Interest Shorts:19.650.812.0
– Net Position:36,341-29,399-6,942
– Gross Longs:79,13881,38419,248
– Gross Shorts:42,797110,78326,190
– Long to Short Ratio:1.8 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.358.760.5
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:1.0-2.66.7

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 50,712 contracts in the data reported through Tuesday. This was a weekly lowering of -1,055 contracts from the previous week which had a total of 51,767 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 51.2 percent. The commercials are Bearish with a score of 48.6 percent and the small traders (not shown in chart) are Bullish with a score of 56.5 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:36.644.76.9
– Percent of Open Interest Shorts:12.772.03.5
– Net Position:50,712-57,8507,138
– Gross Longs:77,52294,45814,536
– Gross Shorts:26,810152,3087,398
– Long to Short Ratio:2.9 to 10.6 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):51.248.656.5
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.0-10.631.9

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week recorded a net position of 4,464 contracts in the data reported through Tuesday. This was a weekly decline of -3,847 contracts from the previous week which had a total of 8,311 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 21.3 percent. The commercials are Bullish-Extreme with a score of 80.4 percent and the small traders (not shown in chart) are Bearish with a score of 24.1 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.247.24.5
– Percent of Open Interest Shorts:30.749.63.6
– Net Position:4,464-7,2242,760
– Gross Longs:93,816137,46313,152
– Gross Shorts:89,352144,68710,392
– Long to Short Ratio:1.0 to 11.0 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):21.380.424.1
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:1.0-2.110.4

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of -9,759 contracts in the data reported through Tuesday. This was a weekly rise of 1,740 contracts from the previous week which had a total of -11,499 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 6.4 percent. The commercials are Bullish with a score of 79.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 90.1 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.641.910.1
– Percent of Open Interest Shorts:34.037.211.4
– Net Position:-9,75913,677-3,918
– Gross Longs:88,611121,26529,169
– Gross Shorts:98,370107,58833,087
– Long to Short Ratio:0.9 to 11.1 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):6.479.190.1
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.78.021.7

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

COT Updates Financial News investing Soft Commodities
03 Sep

Corn, Coffee and Cocoa lead the COT Soft Commodities Speculator bets higher this week

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

Soft Commodities Open Interest Comparison

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 August 30th (COT Week 35) and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Corn, Coffee and Cocoa lead the Weekly Speculator Changes Higher

COT soft commodities speculator bets were slightly higher this week as six out of the eleven soft commodities markets we cover had higher positioning this week while the other five markets had lower contracts.

Leading the gains for soft commodities markets was Corn (20,154 contracts) and Coffee (10,054 contracts) with Cocoa (9,461 contracts), Soybean Oil (7,381 contracts), Sugar (4,464 contracts) and Cotton (282 contracts) also showing a positive weeks.

The softs markets leading the declines in speculator bets this week was Lean Hogs (-8,204 contracts) with Soybeans (-4,274 contracts), Wheat (-3,243 contracts), Live Cattle (-2,346 contracts) and Soybean Meal (-1,365 contracts) also registering lower bets on the week.

Soft Commodities Speculator Net Position Changes

Data Snapshot of Commodity Market Traders | Columns Legend
Aug-30-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,470,2070229,1895-256,2489527,05948
Gold459,1652117,73410-129,6799211,9452
Silver138,7146-8,27102651008,0068
Copper158,3900-23,2551924,98583-1,73015
Palladium5,8750-1,129161,32382-19433
Platinum70,74740-5,3781646994,73228
Natural Gas978,8814-128,7654092,4636036,30266
Brent180,95224-40,0134436,585543,42856
Heating Oil283,4272925,19679-43,7612518,56563
Soybeans605,924783,56240-52,79168-30,77119
Corn1,267,7350283,39766-225,75940-57,63810
Coffee193,889748,68781-50,983232,29621
Sugar752,642962,55149-72,5935410,04220
Wheat288,5450-11,499414,91481-3,41593

 

Soybean Meal and Coffee leads this week’s Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (92.2 percent) and Coffee (80.9 percent) lead the soft commodity markets and are both in bullish extreme positions (above 80 percent). Corn (66.2 percent) comes in as the next highest soft commodity markets market in strength scores.

On the downside, Wheat (4.1 percent) comes in at the lowest strength level currently and is in a bearish extreme state (below 20 percent). Cocoa (25.8 percent) comes in as the next lowest followed by Soybeans (39.6 percent) and Soybean Oil (40.0 percent).

Soft Commodities Speculator Strength Scores
Strength Statistics:
Corn (66.2 percent) vs Corn previous week (63.7 percent)
Sugar (49.5 percent) vs Sugar previous week (48.6 percent)
Coffee (80.9 percent) vs Coffee previous week (72.2 percent)
Soybeans (39.6 percent) vs Soybeans previous week (40.9 percent)
Soybean Oil (40.0 percent) vs Soybean Oil previous week (34.9 percent)
Soybean Meal (92.2 percent) vs Soybean Meal previous week (92.9 percent)
Live Cattle (54.3 percent) vs Live Cattle previous week (57.2 percent)
Lean Hogs (53.8 percent) vs Lean Hogs previous week (62.7 percent)
Cotton (52.7 percent) vs Cotton previous week (52.5 percent)
Cocoa (25.8 percent) vs Cocoa previous week (16.5 percent)
Wheat (4.1 percent) vs Wheat previous week (8.3 percent)

Live Cattle leads the 6-Week Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that Live Cattle (47.4 percent) leads the past six weeks trends for soft commodity markets this week. Soybean Oil (18.3 percent), Coffee (17.9 percent) and Lean Hogs (14.8 percent) fill out the top movers in the latest trends data.

Wheat (-23.5 percent) leads the downside trend scores currently while the next market with lower trend scores were Sugar (-13.3 percent) followed by Soybeans (-5.8 percent).

Soft Commodities Strength Score Trends (6 Week)
Strength Trend Statistics:
Corn (9.4 percent) vs Corn previous week (2.1 percent)
Sugar (-13.3 percent) vs Sugar previous week (-9.8 percent)
Coffee (17.9 percent) vs Coffee previous week (3.7 percent)
Soybeans (-5.8 percent) vs Soybeans previous week (-8.3 percent)
Soybean Oil (18.3 percent) vs Soybean Oil previous week (11.5 percent)
Soybean Meal (8.6 percent) vs Soybean Meal previous week (9.6 percent)
Live Cattle (47.4 percent) vs Live Cattle previous week (50.4 percent)
Lean Hogs (14.8 percent) vs Lean Hogs previous week (28.7 percent)
Cotton (9.5 percent) vs Cotton previous week (6.0 percent)
Cocoa (8.7 percent) vs Cocoa previous week (3.0 percent)
Wheat (-23.5 percent) vs Wheat previous week (-16.8 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week equaled a net position of 283,397 contracts in the data reported through Tuesday. This was a weekly gain of 20,154 contracts from the previous week which had a total of 263,243 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 66.2 percent. The commercials are Bearish with a score of 39.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.9 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.747.09.1
– Percent of Open Interest Shorts:9.464.813.6
– Net Position:283,397-225,759-57,638
– Gross Longs:402,312595,440115,050
– Gross Shorts:118,915821,199172,688
– Long to Short Ratio:3.4 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):66.239.79.9
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.4-8.6-7.6

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week equaled a net position of 62,551 contracts in the data reported through Tuesday. This was a weekly increase of 4,464 contracts from the previous week which had a total of 58,087 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 49.5 percent. The commercials are Bullish with a score of 54.4 percent and the small traders (not shown in chart) are Bearish with a score of 20.3 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:23.353.58.8
– Percent of Open Interest Shorts:15.063.17.5
– Net Position:62,551-72,59310,042
– Gross Longs:175,450402,66466,576
– Gross Shorts:112,899475,25756,534
– Long to Short Ratio:1.6 to 10.8 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.554.420.3
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-13.313.1-5.7

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week equaled a net position of 48,687 contracts in the data reported through Tuesday. This was a weekly gain of 10,054 contracts from the previous week which had a total of 38,633 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 80.9 percent. The commercials are Bearish with a score of 23.0 percent and the small traders (not shown in chart) are Bearish with a score of 20.6 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.745.04.9
– Percent of Open Interest Shorts:6.671.33.7
– Net Position:48,687-50,9832,296
– Gross Longs:61,41687,1949,555
– Gross Shorts:12,729138,1777,259
– Long to Short Ratio:4.8 to 10.6 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):80.923.020.6
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:17.9-20.820.6

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week equaled a net position of 83,562 contracts in the data reported through Tuesday. This was a weekly fall of -4,274 contracts from the previous week which had a total of 87,836 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 39.6 percent. The commercials are Bullish with a score of 67.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.0 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.755.36.2
– Percent of Open Interest Shorts:11.964.011.3
– Net Position:83,562-52,791-30,771
– Gross Longs:155,472335,04837,513
– Gross Shorts:71,910387,83968,284
– Long to Short Ratio:2.2 to 10.9 to 10.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):39.667.819.0
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-5.86.5-4.4

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week equaled a net position of 53,958 contracts in the data reported through Tuesday. This was a weekly boost of 7,381 contracts from the previous week which had a total of 46,577 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 40.0 percent. The commercials are Bullish with a score of 60.8 percent and the small traders (not shown in chart) are Bearish with a score of 46.1 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:21.251.77.6
– Percent of Open Interest Shorts:7.467.85.4
– Net Position:53,958-62,7118,753
– Gross Longs:83,033202,09529,895
– Gross Shorts:29,075264,80621,142
– Long to Short Ratio:2.9 to 10.8 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):40.060.846.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:18.3-20.221.0

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week equaled a net position of 116,189 contracts in the data reported through Tuesday. This was a weekly lowering of -1,365 contracts from the previous week which had a total of 117,554 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 92.2 percent. The commercials are Bearish-Extreme with a score of 11.3 percent and the small traders (not shown in chart) are Bearish with a score of 45.1 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.443.012.0
– Percent of Open Interest Shorts:2.778.36.4
– Net Position:116,189-137,83521,646
– Gross Longs:126,866168,31646,829
– Gross Shorts:10,677306,15125,183
– Long to Short Ratio:11.9 to 10.5 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):92.211.345.1
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.6-9.110.4

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week equaled a net position of 59,731 contracts in the data reported through Tuesday. This was a weekly decrease of -2,346 contracts from the previous week which had a total of 62,077 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 54.3 percent. The commercials are Bearish with a score of 34.2 percent and the small traders (not shown in chart) are Bullish with a score of 77.7 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:38.132.911.3
– Percent of Open Interest Shorts:17.253.112.0
– Net Position:59,731-57,725-2,006
– Gross Longs:108,97693,97432,255
– Gross Shorts:49,245151,69934,261
– Long to Short Ratio:2.2 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):54.334.277.7
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:47.4-48.2-9.3

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week equaled a net position of 43,199 contracts in the data reported through Tuesday. This was a weekly reduction of -8,204 contracts from the previous week which had a total of 51,403 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 53.8 percent. The commercials are Bullish with a score of 51.6 percent and the small traders (not shown in chart) are Bullish with a score of 56.2 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.036.08.9
– Percent of Open Interest Shorts:19.252.312.5
– Net Position:43,199-35,424-7,775
– Gross Longs:84,94478,50519,440
– Gross Shorts:41,745113,92927,215
– Long to Short Ratio:2.0 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):53.851.656.2
– Strength Index Reading (3 Year Range):BullishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:14.8-16.20.9

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week equaled a net position of 51,767 contracts in the data reported through Tuesday. This was a weekly lift of 282 contracts from the previous week which had a total of 51,485 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 52.7 percent. The commercials are Bearish with a score of 46.5 percent and the small traders (not shown in chart) are Bullish with a score of 62.1 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.043.77.2
– Percent of Open Interest Shorts:12.671.83.4
– Net Position:51,767-59,7617,994
– Gross Longs:78,59992,71715,280
– Gross Shorts:26,832152,4787,286
– Long to Short Ratio:2.9 to 10.6 to 12.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):52.746.562.1
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.5-12.133.1

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week equaled a net position of 8,311 contracts in the data reported through Tuesday. This was a weekly boost of 9,461 contracts from the previous week which had a total of -1,150 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 25.8 percent. The commercials are Bullish with a score of 73.3 percent and the small traders (not shown in chart) are Bearish with a score of 43.1 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.445.44.8
– Percent of Open Interest Shorts:30.649.93.2
– Net Position:8,311-12,9684,657
– Gross Longs:96,892131,59613,945
– Gross Shorts:88,581144,5649,288
– Long to Short Ratio:1.1 to 10.9 to 11.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):25.873.343.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.7-11.630.4

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week equaled a net position of -11,499 contracts in the data reported through Tuesday. This was a weekly decline of -3,243 contracts from the previous week which had a total of -8,256 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 4.1 percent. The commercials are Bullish-Extreme with a score of 80.9 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 92.7 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.941.510.2
– Percent of Open Interest Shorts:34.936.311.4
– Net Position:-11,49914,914-3,415
– Gross Longs:89,300119,73329,557
– Gross Shorts:100,799104,81932,972
– Long to Short Ratio:0.9 to 11.1 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):4.180.992.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-23.516.732.6

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

CountingPips Forex Blog Financial News investing Soft Commodities
20 Aug

Sugar, Live Cattle & Soybean Oil lead Soft Commodity Speculator bets higher

By InvestMacro | COT | Data Tables | COT Leaders | 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 August 16th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes: COT Week 33

COT soft commodities speculator bets were mostly higher this week as nine out of the eleven soft commodities markets we cover had higher positioning this week while just two markets had lower contracts.

Leading the gains for soft commodities markets was Sugar (23,905 contracts) with Live Cattle (12,806 contracts), Soybean Oil (9,956 contracts), Corn (9,343 contracts), Cotton (7,985 contracts), Lean Hogs (7,809 contracts), Coffee (3,018 contracts), Cocoa (2,784 contracts) and Wheat (1,518 contracts) also having higher weeks.

The softs market leading the declines in speculator bets this week was Soybeans (-5,718 contracts) with Soybean Meal (-13 contracts) also registering lower bets on the week.

 

Data Snapshot of Commodity Market Traders | Columns Legend
Aug-16-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,557,3490214,9401-239,29110024,35148
Gold453,9600141,16419-153,7098412,5454
Silver144,314113,50810-12,451908,94312
Copper183,50017-28,2202228,93279-71221
Palladium7,9517-1,599141,536836348
Platinum57,254172,94012-6,361903,42110
Natural Gas983,4605-120,9114282,8625738,04970
Brent176,90221-36,0125134,290501,72233
Heating Oil296,9873424,92679-40,0222915,09651
Soybeans595,095583,18339-51,65068-31,53318
Corn1,316,4621220,12958-166,31848-53,81112
Coffee190,302033,47168-35,318371,84716
Sugar737,535749,97047-61,8375611,86723
Wheat313,23711-1,908177,44870-5,54082

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (89.9 percent) leads the soft commodity markets and remains in a bullish extreme position (above 80 percent). Lean Hogs (69.9 percent) comes in as the next highest soft commodity markets market in strength scores with Coffee (67.8 percent), Corn (58.2 percent) and Live Cattle (56.3 percent) following. On the downside, Cocoa (14.9 percent) and Wheat (16.6 percent) come in at the lowest strength level currently and are both in extreme bearish level (below 20 percent).

 


Strength Statistics:
Corn (58.2 percent) vs Corn previous week (57.0 percent)
Sugar (46.9 percent) vs Sugar previous week (42.0 percent)
Coffee (67.8 percent) vs Coffee previous week (65.1 percent)
Soybeans (39.5 percent) vs Soybeans previous week (41.2 percent)
Soybean Oil (31.1 percent) vs Soybean Oil previous week (24.2 percent)
Soybean Meal (89.9 percent) vs Soybean Meal previous week (89.9 percent)
Live Cattle (56.3 percent) vs Live Cattle previous week (40.3 percent)
Lean Hogs (69.9 percent) vs Lean Hogs previous week (61.4 percent)
Cotton (50.8 percent) vs Cotton previous week (45.7 percent)
Cocoa (14.9 percent) vs Cocoa previous week (12.2 percent)
Wheat (16.6 percent) vs Wheat previous week (14.6 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Live Cattle (51.8 percent) and Lean Hogs (46.6 percent) lead the past six weeks trends for the soft commodity markets. Soybean Meal (9.0 percent), Soybean Oil (4.3 percent) and Cocoa (4.2 percent) fill out the other positive movers in the latest trends data. Wheat (-13.4 percent) leads the downside trend scores currently while the next market with lower trend scores were Soybeans (-12.9 percent) followed by Coffee (-11.5 percent).

 


Strength Trend Statistics:
Corn (-5.2 percent) vs Corn previous week (-15.0 percent)
Sugar (-6.9 percent) vs Sugar previous week (-19.9 percent)
Coffee (-11.5 percent) vs Coffee previous week (-12.7 percent)
Soybeans (-12.9 percent) vs Soybeans previous week (-14.7 percent)
Soybean Oil (4.3 percent) vs Soybean Oil previous week (-9.6 percent)
Soybean Meal (9.0 percent) vs Soybean Meal previous week (10.2 percent)
Live Cattle (51.8 percent) vs Live Cattle previous week (26.0 percent)
Lean Hogs (46.6 percent) vs Lean Hogs previous week (36.9 percent)
Cotton (-4.0 percent) vs Cotton previous week (-12.9 percent)
Cocoa (4.2 percent) vs Cocoa previous week (-11.7 percent)
Wheat (-13.4 percent) vs Wheat previous week (-14.5 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week recorded a net position of 220,129 contracts in the data reported through Tuesday. This was a weekly boost of 9,343 contracts from the previous week which had a total of 210,786 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 58.2 percent. The commercials are Bearish with a score of 48.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.1 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.948.89.2
– Percent of Open Interest Shorts:11.261.413.2
– Net Position:220,129-166,318-53,811
– Gross Longs:367,371642,350120,568
– Gross Shorts:147,242808,668174,379
– Long to Short Ratio:2.5 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):58.248.212.1
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-5.25.9-0.3

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 49,970 contracts in the data reported through Tuesday. This was a weekly gain of 23,905 contracts from the previous week which had a total of 26,065 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 46.9 percent. The commercials are Bullish with a score of 56.4 percent and the small traders (not shown in chart) are Bearish with a score of 22.5 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:23.253.89.3
– Percent of Open Interest Shorts:16.562.27.7
– Net Position:49,970-61,83711,867
– Gross Longs:171,404396,58868,600
– Gross Shorts:121,434458,42556,733
– Long to Short Ratio:1.4 to 10.9 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.956.422.5
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-6.94.412.5

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 33,471 contracts in the data reported through Tuesday. This was a weekly boost of 3,018 contracts from the previous week which had a total of 30,453 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 67.8 percent. The commercials are Bearish with a score of 37.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 16.5 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:23.752.15.0
– Percent of Open Interest Shorts:6.170.64.0
– Net Position:33,471-35,3181,847
– Gross Longs:45,06299,0689,438
– Gross Shorts:11,591134,3867,591
– Long to Short Ratio:3.9 to 10.7 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):67.837.216.5
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-11.512.5-4.6

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week recorded a net position of 83,183 contracts in the data reported through Tuesday. This was a weekly decline of -5,718 contracts from the previous week which had a total of 88,901 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 39.5 percent. The commercials are Bullish with a score of 68.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.7 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.355.06.0
– Percent of Open Interest Shorts:10.363.611.3
– Net Position:83,183-51,650-31,533
– Gross Longs:144,698327,09835,752
– Gross Shorts:61,515378,74867,285
– Long to Short Ratio:2.4 to 10.9 to 10.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):39.568.117.7
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.912.50.5

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week recorded a net position of 40,963 contracts in the data reported through Tuesday. This was a weekly advance of 9,956 contracts from the previous week which had a total of 31,007 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 31.1 percent. The commercials are Bullish with a score of 70.8 percent and the small traders (not shown in chart) are Bearish with a score of 35.1 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:18.554.97.2
– Percent of Open Interest Shorts:8.266.55.7
– Net Position:40,963-46,7585,795
– Gross Longs:74,046220,23428,767
– Gross Shorts:33,083266,99222,972
– Long to Short Ratio:2.2 to 10.8 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):31.170.835.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.3-5.16.9

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 112,163 contracts in the data reported through Tuesday. This was a weekly decrease of -13 contracts from the previous week which had a total of 112,176 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 89.9 percent. The commercials are Bearish-Extreme with a score of 12.3 percent and the small traders (not shown in chart) are Bullish with a score of 55.7 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.839.711.7
– Percent of Open Interest Shorts:3.772.56.0
– Net Position:112,163-135,85923,696
– Gross Longs:127,369164,27748,624
– Gross Shorts:15,206300,13624,928
– Long to Short Ratio:8.4 to 10.5 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):89.912.355.7
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.0-12.035.5

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week recorded a net position of 61,388 contracts in the data reported through Tuesday. This was a weekly advance of 12,806 contracts from the previous week which had a total of 48,582 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 56.3 percent. The commercials are Bearish with a score of 32.8 percent and the small traders (not shown in chart) are Bullish with a score of 72.6 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:40.434.811.4
– Percent of Open Interest Shorts:17.157.012.4
– Net Position:61,388-58,750-2,638
– Gross Longs:106,71391,93230,154
– Gross Shorts:45,325150,68232,792
– Long to Short Ratio:2.4 to 10.6 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):56.332.872.6
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:51.8-52.3-11.1

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week recorded a net position of 58,006 contracts in the data reported through Tuesday. This was a weekly lift of 7,809 contracts from the previous week which had a total of 50,197 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 69.9 percent. The commercials are Bearish with a score of 35.1 percent and the small traders (not shown in chart) are Bullish with a score of 51.9 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:42.431.89.3
– Percent of Open Interest Shorts:18.352.312.9
– Net Position:58,006-49,401-8,605
– Gross Longs:102,20176,59222,371
– Gross Shorts:44,195125,99330,976
– Long to Short Ratio:2.3 to 10.6 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):69.935.151.9
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:46.6-51.12.1

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 44,208 contracts in the data reported through Tuesday. This was a weekly rise of 7,985 contracts from the previous week which had a total of 36,223 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 50.8 percent. The commercials are Bearish with a score of 49.4 percent and the small traders (not shown in chart) are Bearish with a score of 48.3 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.845.07.2
– Percent of Open Interest Shorts:12.870.94.1
– Net Position:44,208-50,0785,870
– Gross Longs:68,97986,76713,871
– Gross Shorts:24,771136,8458,001
– Long to Short Ratio:2.8 to 10.6 to 11.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):50.849.448.3
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.02.711.9

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week recorded a net position of -2,778 contracts in the data reported through Tuesday. This was a weekly gain of 2,784 contracts from the previous week which had a total of -5,562 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 14.9 percent. The commercials are Bullish-Extreme with a score of 86.1 percent and the small traders (not shown in chart) are Bearish with a score of 22.5 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.048.94.5
– Percent of Open Interest Shorts:30.948.83.6
– Net Position:-2,7781802,598
– Gross Longs:89,997146,70413,549
– Gross Shorts:92,775146,52410,951
– Long to Short Ratio:1.0 to 11.0 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):14.986.122.5
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.2-5.07.7

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of -1,908 contracts in the data reported through Tuesday. This was a weekly boost of 1,518 contracts from the previous week which had a total of -3,426 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 16.6 percent. The commercials are Bullish with a score of 70.3 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 81.7 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.540.29.9
– Percent of Open Interest Shorts:31.137.811.7
– Net Position:-1,9087,448-5,540
– Gross Longs:95,452126,00731,104
– Gross Shorts:97,360118,55936,644
– Long to Short Ratio:1.0 to 11.1 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):16.670.381.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-13.49.718.0

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

CountingPips Forex Blog Financial News investing Soft Commodities
13 Aug

COT Week 32 Charts: Soft Commodities Speculator bets go slightly higher led by Live Cattle & Lean Hogs

By InvestMacro | COT | Data Tables | COT Leaders | 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 August 9th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes

COT soft commodities speculator bets were slightly higher this week as six out of the eleven soft commodities markets we cover had higher positioning this week while the other five markets had lower contracts.

Leading the gains for soft commodities markets was Live Cattle (11,693 contracts) and Lean Hogs (10,480 contracts) with Corn (9,431 contracts), Coffee (3,169 contracts), Soybean Meal (2,400 contracts) and Soybean Oil (626 contracts) also having increasing bets this week.

The softs market leading the declines in speculator bets this week was Sugar (-8,373 contracts) with Soybeans (-3,626 contracts), Cocoa (-3,605 contracts), Wheat (-2,701 contracts) and Cotton (-940 contracts) also seeing lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Aug-09-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,570,1310210,6510-238,07310027,42253
Gold453,5400142,85119-154,5548311,7031
Silver141,09382,8799-13,5748910,69521
Copper187,98821-28,4772227,7007877730
Palladium7,6196-1,970122,04486-7440
Platinum62,782268469-4,055933,2097
Natural Gas969,5823-125,4194186,7345838,68572
Brent175,89621-34,2115432,411471,80034
Heating Oil283,7492924,46478-36,4723212,00840
Soybeans583,208288,90141-62,97165-25,93027
Corn1,317,9131210,78657-160,65449-50,13214
Coffee209,4461330,45365-31,268418157
Sugar765,6691226,06542-30,608624,54313
Wheat320,76714-3,426159,93974-6,51377

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Soybean Meal (89.9 percent) leads the soft commodity markets this week and is in a bullish extreme position (above 80 percent). Coffee (65.1 percent) comes in as the next highest soft commodity market in strength scores followed by Lean Hogs (61.4 percent) and Corn (57.0 percent). On the downside, Cocoa (12.2 percent) and Wheat (14.6 percent) come in as the lowest strength scores currently and are both in bearish extreme levels (below 20 percent).


Strength Statistics:
Corn (57.0 percent) vs Corn previous week (55.8 percent)
Sugar (42.0 percent) vs Sugar previous week (43.7 percent)
Coffee (65.1 percent) vs Coffee previous week (62.4 percent)
Soybeans (41.2 percent) vs Soybeans previous week (42.3 percent)
Soybean Oil (24.2 percent) vs Soybean Oil previous week (23.8 percent)
Soybean Meal (89.9 percent) vs Soybean Meal previous week (88.6 percent)
Live Cattle (40.3 percent) vs Live Cattle previous week (25.6 percent)
Lean Hogs (61.4 percent) vs Lean Hogs previous week (50.0 percent)
Cotton (45.7 percent) vs Cotton previous week (46.3 percent)
Cocoa (12.2 percent) vs Cocoa previous week (15.7 percent)
Wheat (14.6 percent) vs Wheat previous week (18.1 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that most of the softs markets have cooled off following a strong start to the year. Lean Hogs with a six-week trend score of 36.9 percent leads the trends data for the soft commodity markets this week. Live Cattle (26.0 percent) and Soybean Meal (10.2 percent) follow next and are the only other positive movers in the latest trends data. Sugar (-19.9 percent) leads with the largest downside trend score currently while the next markets with lower trend scores were Corn (-15.0 percent), Soybeans (-14.7 percent) and Wheat (-14.5 percent).


Strength Trend Statistics:
Corn (-15.0 percent) vs Corn previous week (-22.8 percent)
Sugar (-19.9 percent) vs Sugar previous week (-26.4 percent)
Coffee (-12.7 percent) vs Coffee previous week (-19.1 percent)
Soybeans (-14.7 percent) vs Soybeans previous week (-26.1 percent)
Soybean Oil (-9.6 percent) vs Soybean Oil previous week (-25.6 percent)
Soybean Meal (10.2 percent) vs Soybean Meal previous week (8.0 percent)
Live Cattle (26.0 percent) vs Live Cattle previous week (-4.1 percent)
Lean Hogs (36.9 percent) vs Lean Hogs previous week (30.1 percent)
Cotton (-12.9 percent) vs Cotton previous week (-18.4 percent)
Cocoa (-11.7 percent) vs Cocoa previous week (-5.2 percent)
Wheat (-14.5 percent) vs Wheat previous week (-25.8 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week equaled a net position of 210,786 contracts in the data reported through Tuesday. This was a weekly boost of 9,431 contracts from the previous week which had a total of 201,355 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 57.0 percent. The commercials are Bearish with a score of 49.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.2 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:26.548.59.6
– Percent of Open Interest Shorts:10.560.713.4
– Net Position:210,786-160,654-50,132
– Gross Longs:349,498639,748126,594
– Gross Shorts:138,712800,402176,726
– Long to Short Ratio:2.5 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):57.049.014.2
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-15.016.12.2

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week equaled a net position of 26,065 contracts in the data reported through Tuesday. This was a weekly lowering of -8,373 contracts from the previous week which had a total of 34,438 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 42.0 percent. The commercials are Bullish with a score of 62.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.5 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.754.38.9
– Percent of Open Interest Shorts:19.358.38.3
– Net Position:26,065-30,6084,543
– Gross Longs:174,128416,05268,341
– Gross Shorts:148,063446,66063,798
– Long to Short Ratio:1.2 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):42.062.313.5
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-19.919.4-7.0

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week equaled a net position of 30,453 contracts in the data reported through Tuesday. This was a weekly increase of 3,169 contracts from the previous week which had a total of 27,284 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 65.1 percent. The commercials are Bearish with a score of 40.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 7.0 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.254.94.0
– Percent of Open Interest Shorts:7.669.83.6
– Net Position:30,453-31,268815
– Gross Longs:46,419114,8888,350
– Gross Shorts:15,966146,1567,535
– Long to Short Ratio:2.9 to 10.8 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):65.140.97.0
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.714.4-10.4

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week equaled a net position of 88,901 contracts in the data reported through Tuesday. This was a weekly decline of -3,626 contracts from the previous week which had a total of 92,527 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 41.2 percent. The commercials are Bullish with a score of 64.7 percent and the small traders (not shown in chart) are Bearish with a score of 27.2 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.554.06.1
– Percent of Open Interest Shorts:10.264.810.6
– Net Position:88,901-62,971-25,930
– Gross Longs:148,533315,13335,744
– Gross Shorts:59,632378,10461,674
– Long to Short Ratio:2.5 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):41.264.727.2
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.713.17.7

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week equaled a net position of 31,007 contracts in the data reported through Tuesday. This was a weekly advance of 626 contracts from the previous week which had a total of 30,381 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 24.2 percent. The commercials are Bullish with a score of 77.5 percent and the small traders (not shown in chart) are Bearish with a score of 32.0 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:17.556.16.7
– Percent of Open Interest Shorts:9.765.15.5
– Net Position:31,007-35,9724,965
– Gross Longs:69,604223,35426,755
– Gross Shorts:38,597259,32621,790
– Long to Short Ratio:1.8 to 10.9 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):24.277.532.0
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-9.610.8-12.5

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week equaled a net position of 112,176 contracts in the data reported through Tuesday. This was a weekly increase of 2,400 contracts from the previous week which had a total of 109,776 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 89.9 percent. The commercials are Bearish-Extreme with a score of 12.7 percent and the small traders (not shown in chart) are Bullish with a score of 52.2 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.540.211.1
– Percent of Open Interest Shorts:2.873.55.5
– Net Position:112,176-135,19623,020
– Gross Longs:123,666163,08845,224
– Gross Shorts:11,490298,28422,204
– Long to Short Ratio:10.8 to 10.5 to 12.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):89.912.752.2
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:10.2-10.610.7

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week equaled a net position of 48,582 contracts in the data reported through Tuesday. This was a weekly rise of 11,693 contracts from the previous week which had a total of 36,889 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 Bearish with a score of 40.3 percent. The commercials are Bearish with a score of 48.3 percent and the small traders (not shown in chart) are Bullish with a score of 77.9 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.437.512.5
– Percent of Open Interest Shorts:18.556.012.9
– Net Position:48,582-47,453-1,129
– Gross Longs:96,02796,30232,141
– Gross Shorts:47,445143,75533,270
– Long to Short Ratio:2.0 to 10.7 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):40.348.377.9
– Strength Index Reading (3 Year Range):BearishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:26.0-27.9-1.3

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week equaled a net position of 50,197 contracts in the data reported through Tuesday. This was a weekly boost of 10,480 contracts from the previous week which had a total of 39,717 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 61.4 percent. The commercials are Bearish with a score of 41.6 percent and the small traders (not shown in chart) are Bullish with a score of 63.8 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:40.532.29.8
– Percent of Open Interest Shorts:19.250.812.5
– Net Position:50,197-43,894-6,303
– Gross Longs:95,55676,05023,171
– Gross Shorts:45,359119,94429,474
– Long to Short Ratio:2.1 to 10.6 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):61.441.663.8
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:36.9-43.213.7

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week equaled a net position of 36,223 contracts in the data reported through Tuesday. This was a weekly decline of -940 contracts from the previous week which had a total of 37,163 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 with a score of 45.7 percent. The commercials are Bullish with a score of 56.0 percent and the small traders (not shown in chart) are Bearish with a score of 28.3 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.946.66.5
– Percent of Open Interest Shorts:16.567.45.0
– Net Position:36,223-39,0062,783
– Gross Longs:67,04687,09212,137
– Gross Shorts:30,823126,0989,354
– Long to Short Ratio:2.2 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):45.756.028.3
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.913.6-17.4

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week equaled a net position of -5,562 contracts in the data reported through Tuesday. This was a weekly reduction of -3,605 contracts from the previous week which had a total of -1,957 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 12.2 percent. The commercials are Bullish-Extreme with a score of 88.0 percent and the small traders (not shown in chart) are Bearish with a score of 30.6 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.947.34.8
– Percent of Open Interest Shorts:31.746.63.7
– Net Position:-5,5622,1523,410
– Gross Longs:92,797146,52314,847
– Gross Shorts:98,359144,37111,437
– Long to Short Ratio:0.9 to 11.0 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):12.288.030.6
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-11.710.610.4

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week equaled a net position of -3,426 contracts in the data reported through Tuesday. This was a weekly fall of -2,701 contracts from the previous week which had a total of -725 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 14.6 percent. The commercials are Bullish with a score of 73.8 percent and the small traders (not shown in chart) are Bullish with a score of 76.6 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.939.29.7
– Percent of Open Interest Shorts:31.036.111.8
– Net Position:-3,4269,939-6,513
– Gross Longs:96,022125,60531,241
– Gross Shorts:99,448115,66637,754
– Long to Short Ratio:1.0 to 11.1 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):14.673.876.6
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.516.8-3.7

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

CountingPips Forex Blog Financial News investing Soft Commodities
09 Aug
soft commodities

Rise of precision agriculture exposes food system to new threats

By George Grispos, University of Nebraska Omaha and Austin C. Doctor, University of Nebraska Omaha 

Farmers are adopting precision agriculture, using data collected by GPS, satellite imagery, internet-connected sensors and other technologies to farm more efficiently. While these practices could help increase crop yields and reduce costs, the technology behind the practices is creating opportunities for extremists, terrorists and adversarial governments to attack farming machinery, with the aim of disrupting food production.

Food producers around the world have been under increasing pressure, a problem exacerbated by the war in Ukraine and rising fuel and fertilizer costs. Farmers are trying to produce more food but with fewer resources, pushing the food production system toward its breaking point.

In this environment, it’s understandable that many U.S. farmers are turning to modern information technologies to support decision-making and operations in managing crop production. These precision agriculture practices lead to more efficient use of land, water, fuel, fertilizer and pesticides so that farmers can grow more, reduce costs and minimize their impact on the environment.

rows of plants growing out of black plastic bags, some with metal poles and wires holding white plastic devices attached to the plants
Precision agriculture can include sensors that monitor crops, such as these avocado plants.
Simple loquat/Wikimedia

As researchers in cybersecurity and national security at the National Counterterrorism Innovation, Technology, and Education Center, we see cause for concern. The advent of precision farming comes at a time of significant upheaval in the global supply chain and as the number of foreign and domestic hackers with the ability to exploit this technology continues to grow.

New opportunities for exploitation

Cyberattacks against agricultural targets are not some far-off threat; they are already happening. For example, in 2021 a ransomware attack forced a fifth of the beef processing plants in the U.S. to shut down, with one company paying nearly $11 million to cybercriminals. REvil, a Russia-based group, claimed responsibility for the attack.

Similarly, a grain storage cooperative in Iowa was targeted by a Russian-speaking group called BlackMatter, who claimed that they had stolen data from the cooperative. While previous attacks have targeted larger companies and cooperatives and aimed to extort the victims for money, individual farms could be at risk, too.

three squat cylindrical structures with conical tops connected by a pipe stand in a row perpendicular to a cluster of narrower, taller vertical cylindrical structures topped by a catwalk
This grain storage facility is run by New Cooperative, a farm cooperative in Iowa that was hit by a ransomware attack in 2021.
Jstuby/Wikimedia

The integration of technologies into farm equipment, from GPS-guided tractors to artificial intelligence, potentially increases the ability of hackers to attack this equipment. And though farmers might not be ideal targets for ransomware attacks, farms could be tempting targets for hackers with other motives, including terrorists.

For example, an attacker could look to exploit vulnerabilities within fertilizer application technologies, which could result in a farmer unwittingly applying too much or too little nitrogen fertilizer to a particular crop. A farmer could then end up with either a below-expected harvest, or a field that has been over fertilized, resulting in waste and long-term environmental ramifications.

Agriculture is becoming increasingly dependent on technology.
U.S. Department of Agriculture Photo by Lance Cheung

Slow to appreciate the threat

Disruption to sensitive industries and infrastructure gives attackers higher returns for their efforts. This means that the increasing stress on the global food supply raises the stakes and creates a stronger motivation to disrupt the U.S. agriculture sector.

Unlike other critical industries such as finance and health care, the farming industry has been slow to recognize cybersecurity risks and take steps to mitigate them. There are several possible reasons for this sluggishness.

One is that many farmers and agricultural providers haven’t viewed cybersecurity as a significant enough problem compared with other risks they face such as floods, fires and hail. A 2018 Department of Homeland Security report that surveyed precision agriculture farmers throughout the U.S. found that many did not fully understand the cyberthreats introduced by precision agriculture, nor did they take these cyber-risks seriously enough.

This lack of preparedness leads to another reason: limited oversight and regulation from government. In 2010, the U.S. Department of Agriculture classified cybersecurity as a low priority. While this classification was upgraded in 2015, the farming sector is likely to be playing catch-up for years. While other critical infrastructure industries have developed and published numerous countermeasures and best practices for cybersecurity, the same cannot be said for the farming sector.

The Biden administration has indicated that it is willing to help farmers take steps to protect their cyber infrastructure, but as of this writing it has not released public guidelines to assist with this effort.

All-hands approach

In addition to the pressing need for policy guidance and resources from federal, state and local governments to prevent this type of cyberattack, there is room for academia and industry to step up.

From an academic research perspective, multidisciplinary efforts that bring together researchers from precision agriculture, robotics, cybersecurity and political science can help identify potential solutions. To this end, we and researchers at the University of Nebraska-Lincoln have launched the Security Testbed for Agricultural Vehicles and Environments.

Farming equipment manufacturers and other industry organizations can help by designing and engineering equipment to account for cybersecurity considerations. This would lead to the manufacture of farming equipment that not only maximizes food production yields but also minimizes exposure to cyberattacks.The Conversation

About the Author:

George Grispos, Assistant Professor of Cybersecurity, University of Nebraska Omaha and Austin C. Doctor, Assistant Professor of Political Science, University of Nebraska Omaha

This article is republished from The Conversation under a Creative Commons license. Read the original article.

 

Opinions Soft Commodities
06 Aug

COT Week 31 Charts: Soft Commodities Speculator bets rose higher this week led by Corn & Soybean Oil

By InvestMacro | COT | Data Tables | COT Leaders | 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 August 2nd and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes

COT soft commodities speculator bets were mostly higher this week as six out of the eleven soft commodities markets we cover had higher positioning this week while the other five markets recorded lower contracts.

Leading the gains for soft commodities markets was Corn (14,827 contracts) with Soybean Oil (9,351 contracts), Soybeans (7,286 contracts), Lean Hogs (4,296 contracts), Soybean Meal (3,269 contracts) and Live Cattle (962 contracts) also having positive weeks.

The softs markets leading the declines in speculator bets this week were Sugar (-29,665 contracts) and Cocoa (-5,365 contracts) with Cotton (-2,035 contracts), Coffee (-1,357 contracts) and Wheat (-750 contracts) also seeing lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Aug-02-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,606,9103253,7520-272,86610019,11442
Gold459,6492124,32612-135,5659011,2390
Silver136,26739747-9,064938,0908
Copper184,44116-27,4062327,67278-26624
Palladium6,9453-2,56082,74390-18333
Platinum68,26636-2,5415-1,708964,24921
Natural Gas984,5705-124,9734187,5965837,37769
Brent171,75117-32,7825631,8354694722
Heating Oil276,5202622,06875-35,3893413,32144
Soybeans572,925092,52742-65,63264-26,89526
Corn1,347,8946201,35556-149,43451-51,92113
Coffee207,7401227,28462-27,968446846
Sugar760,0931134,43844-35,229617919
Wheat316,24412-7251810,88875-10,16358

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) showed that Soybean Meal (88.6 percent) leads the soft commodity markets currently – up from last week (86.8 percent) and remaining in a bullish extreme position (above 80 percent). Coffee (62.4 percent), Corn (55.8 percent) and Lean Hogs (50.0 percent) come in as the next highest soft commodity markets and all are above the midpoint (50 percent) of their three-year ranges. On the downside, Cocoa (15.7 percent) and Wheat (18.1 percent) come in at the weakest strength levels currently and are both in extreme bearish readings (below 20 percent).


Strength Statistics:
Corn (55.8 percent) vs Corn previous week (53.9 percent)
Sugar (43.7 percent) vs Sugar previous week (49.8 percent)
Coffee (62.4 percent) vs Coffee previous week (63.6 percent)
Soybeans (42.3 percent) vs Soybeans previous week (40.1 percent)
Soybean Oil (23.8 percent) vs Soybean Oil previous week (17.4 percent)
Soybean Meal (88.6 percent) vs Soybean Meal previous week (86.8 percent)
Live Cattle (25.6 percent) vs Live Cattle previous week (24.4 percent)
Lean Hogs (50.0 percent) vs Lean Hogs previous week (45.3 percent)
Cotton (46.3 percent) vs Cotton previous week (47.6 percent)
Cocoa (15.7 percent) vs Cocoa previous week (21.0 percent)
Wheat (18.1 percent) vs Wheat previous week (19.1 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the Lean Hogs (30.1 percent) leads the past six weeks trends for soft commodity markets. Soybean Meal (8.0 percent) comes in as the only other positive mover in the latest trends data and this, overall, shows the weakening sentiment for soft commodity speculators over the past six weeks after starting the year with strong bullish sentiment. On the downside, Sugar (-26.4 percent) leads the negative trend scores currently with Soybeans (-26.1 percent), Wheat (-25.8 percent) and Soybean Oil (-25.6 percent) following as the next markets with lower trend scores.


Strength Trend Statistics:
Corn (-22.8 percent) vs Corn previous week (-27.2 percent)
Sugar (-26.4 percent) vs Sugar previous week (-21.9 percent)
Coffee (-19.1 percent) vs Coffee previous week (-15.8 percent)
Soybeans (-26.1 percent) vs Soybeans previous week (-29.6 percent)
Soybean Oil (-25.6 percent) vs Soybean Oil previous week (-36.0 percent)
Soybean Meal (8.0 percent) vs Soybean Meal previous week (9.8 percent)
Live Cattle (-4.1 percent) vs Live Cattle previous week (4.0 percent)
Lean Hogs (30.1 percent) vs Lean Hogs previous week (30.5 percent)
Cotton (-18.4 percent) vs Cotton previous week (-17.3 percent)
Cocoa (-5.2 percent) vs Cocoa previous week (6.6 percent)
Wheat (-25.8 percent) vs Wheat previous week (-26.6 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week resulted in a net position of 201,355 contracts in the data reported through Tuesday. This was a weekly increase of 14,827 contracts from the previous week which had a total of 186,528 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 55.8 percent. The commercials are Bullish with a score of 50.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.2 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.748.09.2
– Percent of Open Interest Shorts:10.859.113.0
– Net Position:201,355-149,434-51,921
– Gross Longs:346,483647,342123,650
– Gross Shorts:145,128796,776175,571
– Long to Short Ratio:2.4 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):55.850.613.2
– Strength Index Reading (3 Year Range):BullishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-22.825.21.0

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week resulted in a net position of 34,438 contracts in the data reported through Tuesday. This was a weekly reduction of -29,665 contracts from the previous week which had a total of 64,103 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 43.7 percent. The commercials are Bullish with a score of 61.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 8.8 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.053.18.6
– Percent of Open Interest Shorts:19.557.78.5
– Net Position:34,438-35,229791
– Gross Longs:182,484403,31965,198
– Gross Shorts:148,046438,54864,407
– Long to Short Ratio:1.2 to 10.9 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):43.761.58.8
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-26.427.7-21.5

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week resulted in a net position of 27,284 contracts in the data reported through Tuesday. This was a weekly decline of -1,357 contracts from the previous week which had a total of 28,641 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 62.4 percent. The commercials are Bearish with a score of 43.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 5.8 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:21.454.73.9
– Percent of Open Interest Shorts:8.368.23.6
– Net Position:27,284-27,968684
– Gross Longs:44,520113,6798,153
– Gross Shorts:17,236141,6477,469
– Long to Short Ratio:2.6 to 10.8 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):62.443.95.8
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-19.122.1-21.0

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week resulted in a net position of 92,527 contracts in the data reported through Tuesday. This was a weekly boost of 7,286 contracts from the previous week which had a total of 85,241 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 42.3 percent. The commercials are Bullish with a score of 63.9 percent and the small traders (not shown in chart) are Bearish with a score of 25.6 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.654.06.5
– Percent of Open Interest Shorts:9.465.511.1
– Net Position:92,527-65,632-26,895
– Gross Longs:146,533309,59436,964
– Gross Shorts:54,006375,22663,859
– Long to Short Ratio:2.7 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):42.363.925.6
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-26.126.1-2.5

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week resulted in a net position of 30,381 contracts in the data reported through Tuesday. This was a weekly rise of 9,351 contracts from the previous week which had a total of 21,030 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 23.8 percent. The commercials are Bullish-Extreme with a score of 80.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 18.0 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:18.057.66.5
– Percent of Open Interest Shorts:9.966.16.2
– Net Position:30,381-31,6051,224
– Gross Longs:67,218215,40224,405
– Gross Shorts:36,837247,00723,181
– Long to Short Ratio:1.8 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):23.880.318.0
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-25.629.0-34.0

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week resulted in a net position of 109,776 contracts in the data reported through Tuesday. This was a weekly lift of 3,269 contracts from the previous week which had a total of 106,507 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 88.6 percent. The commercials are Bearish-Extreme with a score of 14.2 percent and the small traders (not shown in chart) are Bearish with a score of 49.0 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.239.911.8
– Percent of Open Interest Shorts:2.473.46.1
– Net Position:109,776-132,17222,396
– Gross Longs:119,342157,41946,629
– Gross Shorts:9,566289,59124,233
– Long to Short Ratio:12.5 to 10.5 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):88.614.249.0
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.0-6.4-10.5

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week resulted in a net position of 36,889 contracts in the data reported through Tuesday. This was a weekly boost of 962 contracts from the previous week which had a total of 35,927 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 25.6 percent. The commercials are Bullish with a score of 62.6 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 82.3 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.339.212.4
– Percent of Open Interest Shorts:20.653.912.4
– Net Position:36,889-37,027138
– Gross Longs:88,54598,15031,097
– Gross Shorts:51,656135,17730,959
– Long to Short Ratio:1.7 to 10.7 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):25.662.682.3
– Strength Index Reading (3 Year Range):BearishBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.12.25.6

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week resulted in a net position of 39,717 contracts in the data reported through Tuesday. This was a weekly boost of 4,296 contracts from the previous week which had a total of 35,421 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 50.0 percent. The commercials are Bullish with a score of 55.8 percent and the small traders (not shown in chart) are Bullish with a score of 55.8 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:39.334.39.5
– Percent of Open Interest Shorts:21.348.813.1
– Net Position:39,717-31,860-7,857
– Gross Longs:86,61675,56320,898
– Gross Shorts:46,899107,42328,755
– Long to Short Ratio:1.8 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):50.055.855.8
– Strength Index Reading (3 Year Range):BullishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:30.1-34.16.0

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week resulted in a net position of 37,163 contracts in the data reported through Tuesday. This was a weekly reduction of -2,035 contracts from the previous week which had a total of 39,198 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 46.3 percent. The commercials are Bullish with a score of 56.1 percent and the small traders (not shown in chart) are Bearish with a score of 21.4 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:36.047.36.1
– Percent of Open Interest Shorts:16.168.05.1
– Net Position:37,163-38,8841,721
– Gross Longs:67,40188,60011,339
– Gross Shorts:30,238127,4849,618
– Long to Short Ratio:2.2 to 10.7 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.356.121.4
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-18.420.1-31.8

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week resulted in a net position of -1,957 contracts in the data reported through Tuesday. This was a weekly reduction of -5,365 contracts from the previous week which had a total of 3,408 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 15.7 percent. The commercials are Bullish-Extreme with a score of 86.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.4 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.445.64.1
– Percent of Open Interest Shorts:30.045.63.5
– Net Position:-1,957641,893
– Gross Longs:92,787144,15512,923
– Gross Shorts:94,744144,09111,030
– Long to Short Ratio:1.0 to 11.0 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):15.786.015.4
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-5.24.83.4

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week resulted in a net position of -725 contracts in the data reported through Tuesday. This was a weekly lowering of -750 contracts from the previous week which had a total of 25 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 18.1 percent. The commercials are Bullish with a score of 75.2 percent and the small traders (not shown in chart) are Bullish with a score of 57.7 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.340.48.8
– Percent of Open Interest Shorts:30.537.012.1
– Net Position:-72510,888-10,163
– Gross Longs:95,807127,78427,981
– Gross Shorts:96,532116,89638,144
– Long to Short Ratio:1.0 to 11.1 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):18.175.257.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-25.837.4-33.8

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

CountingPips Forex Blog Financial News investing Soft Commodities
30 Jul

COT Week 30 Charts: Soft Commodities Speculator bets slightly higher led by Live Cattle & Soybean Meal

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

Weekly Speculator Changes

COT soft commodities speculator bets were overall slightly higher this week as six out of the eleven soft commodities markets we cover had higher positioning this week while the other five markets had lower contracts.

Leading the gains for soft commodities markets was Live Cattle (13,971 contracts) and Soybean Meal (5,833 contracts) with Lean Hogs (5,802 contracts), Cocoa (4,010 contracts), Cotton (1,447 contracts) and Coffee (662 contracts) also showing a positive weeks.

The softs markets leading the declines in speculator bets this week were Sugar (-63,059 contracts) and Corn (-23,412 contracts) with Soybeans (-17,352 contracts), Wheat (-6,497 contracts) and Soybean Oil (-6,295 contracts) also seeing lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Jul-26-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,597,4512259,2600-283,48910024,22949
Gold487,5151092,6900-108,42210015,7320
Silver147,78414-4,5000-2,6531007,1534
Copper183,95815-26,5622326,83978-27724
Palladium7,1244-3,40843,89497-48616
Platinum73,42345-4,4682-171984,63927
Natural Gas976,1264-118,2904383,0285735,26264
Brent177,83722-41,4824240,5576192522
Heating Oil269,1272318,68470-33,5313614,84750
Soybeans583,850085,24140-57,57366-27,66824
Corn1,320,7682186,52854-138,89952-47,62916
Coffee199,536528,64164-28,867432262
Sugar722,469464,10350-65,756561,65310
Wheat301,674625198,06871-8,09368

 

Strength Scores

Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Soybean Meal (86.8 percent) has seen rising speculator sentiment recently and is currently in a bullish extreme position (above 80 percent). Coffee (63.6 percent) comes in as the next highest soft commodity markets market in strength scores followed by Corn (53.9 percent) and Sugar (49.8 percent). On the downside, Wheat (19.1 percent) comes in at the lowest strength level currently, followed by Soybean Oil (19.9 percent) and both of these markets have bearish extreme readings.


Strength Statistics:
Corn (53.9 percent) vs Corn previous week (56.8 percent)
Sugar (49.8 percent) vs Sugar previous week (62.8 percent)
Coffee (63.6 percent) vs Coffee previous week (63.0 percent)
Soybeans (40.1 percent) vs Soybeans previous week (45.4 percent)
Soybean Oil (19.9 percent) vs Soybean Oil previous week (24.1 percent)
Soybean Meal (86.8 percent) vs Soybean Meal previous week (83.5 percent)
Live Cattle (24.4 percent) vs Live Cattle previous week (6.9 percent)
Lean Hogs (45.3 percent) vs Lean Hogs previous week (39.0 percent)
Cotton (47.6 percent) vs Cotton previous week (46.7 percent)
Cocoa (21.0 percent) vs Cocoa previous week (17.0 percent)
Wheat (19.1 percent) vs Wheat previous week (27.5 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that the Lean Hogs (30.5 percent) leads the past six weeks trends for soft commodity markets this week. Soybean Meal (9.8 percent), Cocoa (6.6 percent) and Live Cattle (4.0 percent) fill out the only other positive movers in the latest trends data. Soybean Oil (-34.9 percent) leads the downside trend scores currently while the next markets with lower trend scores were Soybeans (-29.6 percent), Corn (-27.2 percent), Wheat (-26.6 percent) and Sugar (-21.9 percent).

 

Strength Trend Statistics:
Corn (-27.2 percent) vs Corn previous week (-23.2 percent)
Sugar (-21.9 percent) vs Sugar previous week (-14.0 percent)
Coffee (-15.8 percent) vs Coffee previous week (-18.0 percent)
Soybeans (-29.6 percent) vs Soybeans previous week (-22.5 percent)
Soybean Oil (-34.9 percent) vs Soybean Oil previous week (-34.2 percent)
Soybean Meal (9.8 percent) vs Soybean Meal previous week (6.1 percent)
Live Cattle (4.0 percent) vs Live Cattle previous week (-4.4 percent)
Lean Hogs (30.5 percent) vs Lean Hogs previous week (20.8 percent)
Cotton (-17.3 percent) vs Cotton previous week (-21.0 percent)
Cocoa (6.6 percent) vs Cocoa previous week (-14.8 percent)
Wheat (-26.6 percent) vs Wheat previous week (-22.6 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week recorded a net position of 186,528 contracts in the data reported through Tuesday. This was a weekly decline of -23,412 contracts from the previous week which had a total of 209,940 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 53.9 percent. The commercials are Bullish with a score of 52.1 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 15.6 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.049.29.7
– Percent of Open Interest Shorts:10.959.713.3
– Net Position:186,528-138,899-47,629
– Gross Longs:330,027649,795128,521
– Gross Shorts:143,499788,694176,150
– Long to Short Ratio:2.3 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):53.952.115.6
– Strength Index Reading (3 Year Range):BullishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-27.229.24.6

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 64,103 contracts in the data reported through Tuesday. This was a weekly lowering of -63,059 contracts from the previous week which had a total of 127,162 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 49.8 percent. The commercials are Bullish with a score of 55.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.9 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.252.49.0
– Percent of Open Interest Shorts:16.361.58.8
– Net Position:64,103-65,7561,653
– Gross Longs:181,773378,48664,876
– Gross Shorts:117,670444,24263,223
– Long to Short Ratio:1.5 to 10.9 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.855.79.9
– Strength Index Reading (3 Year Range):BearishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-21.925.1-32.0

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 28,641 contracts in the data reported through Tuesday. This was a weekly advance of 662 contracts from the previous week which had a total of 27,979 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 63.6 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 1.6 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:23.253.73.8
– Percent of Open Interest Shorts:8.968.23.7
– Net Position:28,641-28,867226
– Gross Longs:46,313107,1557,626
– Gross Shorts:17,672136,0227,400
– Long to Short Ratio:2.6 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):63.643.01.6
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-15.817.7-11.8

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week recorded a net position of 85,241 contracts in the data reported through Tuesday. This was a weekly reduction of -17,352 contracts from the previous week which had a total of 102,593 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 40.1 percent. The commercials are Bullish with a score of 66.3 percent and the small traders (not shown in chart) are Bearish with a score of 24.3 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.654.36.4
– Percent of Open Interest Shorts:10.064.211.2
– Net Position:85,241-57,573-27,668
– Gross Longs:143,708317,20437,501
– Gross Shorts:58,467374,77765,169
– Long to Short Ratio:2.5 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):40.166.324.3
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-29.629.3-1.1

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week recorded a net position of 21,030 contracts in the data reported through Tuesday. This was a weekly reduction of -6,295 contracts from the previous week which had a total of 27,325 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 19.9 percent. The commercials are Bullish-Extreme with a score of 82.4 percent and the small traders (not shown in chart) are Bearish with a score of 22.6 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:17.559.46.9
– Percent of Open Interest Shorts:11.865.86.3
– Net Position:21,030-23,4772,447
– Gross Longs:64,485218,59025,574
– Gross Shorts:43,455242,06723,127
– Long to Short Ratio:1.5 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):19.982.422.6
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-34.938.5-42.0

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 106,507 contracts in the data reported through Tuesday. This was a weekly advance of 5,833 contracts from the previous week which had a total of 100,674 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 86.8 percent. The commercials are Bearish-Extreme with a score of 17.2 percent and the small traders (not shown in chart) are Bearish with a score of 36.0 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.841.011.5
– Percent of Open Interest Shorts:3.072.96.5
– Net Position:106,507-126,39419,887
– Gross Longs:118,336162,66145,699
– Gross Shorts:11,829289,05525,812
– Long to Short Ratio:10.0 to 10.6 to 11.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):86.817.236.0
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.8-6.1-31.1

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week recorded a net position of 35,927 contracts in the data reported through Tuesday. This was a weekly rise of 13,971 contracts from the previous week which had a total of 21,956 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 24.4 percent. The commercials are Bullish with a score of 65.5 percent and the small traders (not shown in chart) are Bullish with a score of 78.2 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.638.712.3
– Percent of Open Interest Shorts:21.452.612.7
– Net Position:35,927-34,885-1,042
– Gross Longs:89,82297,76630,957
– Gross Shorts:53,895132,65131,999
– Long to Short Ratio:1.7 to 10.7 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):24.465.578.2
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.0-6.55.5

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week recorded a net position of 35,421 contracts in the data reported through Tuesday. This was a weekly advance of 5,802 contracts from the previous week which had a total of 29,619 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 45.3 percent. The commercials are Bullish with a score of 61.3 percent and the small traders (not shown in chart) are Bullish with a score of 53.8 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:38.035.19.6
– Percent of Open Interest Shorts:21.048.213.6
– Net Position:35,421-27,182-8,239
– Gross Longs:79,02273,07419,948
– Gross Shorts:43,601100,25628,187
– Long to Short Ratio:1.8 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):45.361.353.8
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:30.5-32.4-3.4

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 39,198 contracts in the data reported through Tuesday. This was a weekly rise of 1,447 contracts from the previous week which had a total of 37,751 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 47.6 percent. The commercials are Bullish with a score of 53.9 percent and the small traders (not shown in chart) are Bearish with a score of 26.1 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.345.56.4
– Percent of Open Interest Shorts:15.968.05.2
– Net Position:39,198-41,4052,207
– Gross Longs:68,50283,61811,696
– Gross Shorts:29,304125,0239,489
– Long to Short Ratio:2.3 to 10.7 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):47.653.926.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-17.320.1-45.7

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week recorded a net position of 3,408 contracts in the data reported through Tuesday. This was a weekly rise of 4,010 contracts from the previous week which had a total of -602 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 21.0 percent. The commercials are Bullish-Extreme with a score of 80.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.7 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.344.44.5
– Percent of Open Interest Shorts:29.246.03.9
– Net Position:3,408-5,1341,726
– Gross Longs:94,825139,10813,968
– Gross Shorts:91,417144,24212,242
– Long to Short Ratio:1.0 to 11.0 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):21.080.913.7
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.6-4.9-17.7

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of 25 contracts in the data reported through Tuesday. This was a weekly reduction of -6,497 contracts from the previous week which had a total of 6,522 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 19.1 percent. The commercials are Bullish with a score of 71.1 percent and the small traders (not shown in chart) are Bullish with a score of 68.4 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.340.59.6
– Percent of Open Interest Shorts:29.337.812.3
– Net Position:258,068-8,093
– Gross Longs:88,400122,22128,925
– Gross Shorts:88,375114,15337,018
– Long to Short Ratio:1.0 to 11.1 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):19.171.168.4
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-26.637.2-29.8

 

Article By InvestMacro – 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) as well as their open interest (contracts open in the market at time of reporting).See CFTC criteria here.

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