Archive for Soft Commodities – Page 11

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.

CountingPips Forex Blog Financial News investing Soft Commodities
23 Jul
soft commodities

COT Week 29 Charts: Soft Commodities Speculator bets slightly higher led by Sugar & 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 July 19th 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 had lower contracts.

Leading the weekly gains for soft commodities markets was Sugar (21,293 contracts) with Lean Hogs (4,560 contracts), Cocoa (3,578 contracts), Wheat (1,883 contracts), Soybean Meal (277 contracts) and Live Cattle (57 contracts) also showing higher speculator bets on the week.

The softs markets leading the declines in speculator bets this week were Corn (-37,216 contracts) and Soybeans (-12,526 contracts) with Coffee (-6,329 contracts), Cotton (-4,934 contracts) and Soybean Oil (-2,463 contracts) also registering lower bets on the week.

Data Snapshot of Commodity Market Traders | Columns Legend
Jul-19-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,577,6160271,0911-293,68910022,59847
Gold524,7862194,9550-112,26210017,3070
Silver145,247121,3600-8,2131006,8532
Copper174,5928-23,8362523,745769126
Palladium6,9153-3,75124,30299-55112
Platinum75,06947-4,2822-273984,55526
Natural Gas953,3250-120,3234286,6995833,62460
Brent177,88922-41,3024240,8436145915
Heating Oil267,576229,24356-23,8004614,55749
Soybeans602,9870102,59345-74,42761-28,16623
Corn1,308,4580209,94057-165,61148-44,32918
Coffee196,041327,97963-28,02644470
Sugar703,6140127,16263-141,8424114,68026
Wheat292,70026,522283,17364-9,69560

 

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 (83.5 percent) leads the softs in scores and is currently in a bullish extreme state (above 80 percent). Coffee (63.0 percent) and Sugar (62.8 percent) round out the other soft commodity markets at the top of the strength list while Corn (56.8 percent) comes in next but has been falling steadily in the speculator sentiment for several weeks. On the downside, Live Cattle (6.9 percent) is the weakest in strength scores followed by Cocoa (17.0 percent) and both of these markets are in a bearish extreme level (below 20 percent). Soybean Oil (24.1 percent) and Wheat (27.5 percent) are the next two lowest in scoring.


Strength Statistics:
Corn (56.8 percent) vs Corn previous week (61.6 percent)
Sugar (62.8 percent) vs Sugar previous week (58.4 percent)
Coffee (63.0 percent) vs Coffee previous week (68.5 percent)
Soybeans (45.4 percent) vs Soybeans previous week (49.2 percent)
Soybean Oil (24.1 percent) vs Soybean Oil previous week (25.7 percent)
Soybean Meal (83.5 percent) vs Soybean Meal previous week (83.4 percent)
Live Cattle (6.9 percent) vs Live Cattle previous week (6.8 percent)
Lean Hogs (39.0 percent) vs Lean Hogs previous week (34.0 percent)
Cotton (46.7 percent) vs Cotton previous week (49.8 percent)
Cocoa (17.0 percent) vs Cocoa previous week (13.5 percent)
Wheat (27.5 percent) vs Wheat previous week (25.1 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Lean Hogs (20.8 percent) is the far and away leader in the past six weeks trends for soft commodity markets. Soybean Meal (6.1 percent) is the only other positive mover in the latest trends data and reiterates the weakness of the overall softs markets currently. On the downside, Soybean Oil (-34.2 percent) leads the negative trend scores while the next markets with lower trend scores were Corn (-23.2 percent), Soybeans (-22.5 percent), Wheat (-22.6 percent) and Cotton (-21.0 percent).


Strength Trend Statistics:
Corn (-23.2 percent) vs Corn previous week (-20.1 percent)
Sugar (-14.0 percent) vs Sugar previous week (-19.7 percent)
Coffee (-18.0 percent) vs Coffee previous week (-7.5 percent)
Soybeans (-22.5 percent) vs Soybeans previous week (-21.6 percent)
Soybean Oil (-34.2 percent) vs Soybean Oil previous week (-30.2 percent)
Soybean Meal (6.1 percent) vs Soybean Meal previous week (10.9 percent)
Live Cattle (-4.4 percent) vs Live Cattle previous week (3.0 percent)
Lean Hogs (20.8 percent) vs Lean Hogs previous week (17.3 percent)
Cotton (-21.0 percent) vs Cotton previous week (-17.9 percent)
Cocoa (-14.8 percent) vs Cocoa previous week (-14.0 percent)
Wheat (-22.6 percent) vs Wheat previous week (-23.0 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week recorded a net position of 209,940 contracts in the data reported through Tuesday. This was a weekly decrease of -37,216 contracts from the previous week which had a total of 247,156 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 56.8 percent. The commercials are Bearish with a score of 48.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.5 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.448.29.8
– Percent of Open Interest Shorts:11.460.913.2
– Net Position:209,940-165,611-44,329
– Gross Longs:358,478631,146127,850
– Gross Shorts:148,538796,757172,179
– Long to Short Ratio:2.4 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):56.848.317.5
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-23.224.45.6

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week recorded a net position of 127,162 contracts in the data reported through Tuesday. This was a weekly gain of 21,293 contracts from the previous week which had a total of 105,869 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 62.8 percent. The commercials are Bearish with a score of 41.3 percent and the small traders (not shown in chart) are Bearish with a score of 26.0 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.350.29.5
– Percent of Open Interest Shorts:9.270.47.4
– Net Position:127,162-141,84214,680
– Gross Longs:192,030353,38566,497
– Gross Shorts:64,868495,22751,817
– Long to Short Ratio:3.0 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):62.841.326.0
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.017.6-30.2

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week recorded a net position of 27,979 contracts in the data reported through Tuesday. This was a weekly decrease of -6,329 contracts from the previous week which had a total of 34,308 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 63.0 percent. The commercials are Bearish with a score of 43.8 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:24.053.43.9
– Percent of Open Interest Shorts:9.767.73.8
– Net Position:27,979-28,02647
– Gross Longs:47,036104,6647,570
– Gross Shorts:19,057132,6907,523
– Long to Short Ratio:2.5 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):63.043.80.0
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-18.021.2-23.3

 

SOYBEANS Futures:

The SOYBEANS large speculator standing this week recorded a net position of 102,593 contracts in the data reported through Tuesday. This was a weekly decline of -12,526 contracts from the previous week which had a total of 115,119 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 45.4 percent. The commercials are Bullish with a score of 61.3 percent and the small traders (not shown in chart) are Bearish with a score of 23.4 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:26.452.76.6
– Percent of Open Interest Shorts:9.465.011.2
– Net Position:102,593-74,427-28,166
– Gross Longs:159,262317,59739,543
– Gross Shorts:56,669392,02467,709
– Long to Short Ratio:2.8 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):45.461.323.4
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-22.522.10.1

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week recorded a net position of 27,325 contracts in the data reported through Tuesday. This was a weekly fall of -2,463 contracts from the previous week which had a total of 29,788 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 24.1 percent. The commercials are Bullish with a score of 78.2 percent and the small traders (not shown in chart) are Bearish with a score of 25.1 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:17.760.17.1
– Percent of Open Interest Shorts:10.468.26.3
– Net Position:27,325-30,4493,124
– Gross Longs:66,220225,28326,605
– Gross Shorts:38,895255,73223,481
– Long to Short Ratio:1.7 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):24.178.225.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-34.239.3-50.3

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week recorded a net position of 100,674 contracts in the data reported through Tuesday. This was a weekly rise of 277 contracts from the previous week which had a total of 100,397 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-Extreme with a score of 83.5 percent. The commercials are Bearish with a score of 20.4 percent and the small traders (not shown in chart) are Bearish with a score of 34.7 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.342.110.9
– Percent of Open Interest Shorts:3.172.16.0
– Net Position:100,674-120,30419,630
– Gross Longs:113,190168,51243,743
– Gross Shorts:12,516288,81624,113
– Long to Short Ratio:9.0 to 10.6 to 11.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):83.520.434.7
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.1-2.6-30.7

 

LIVE CATTLE Futures:

The LIVE CATTLE large speculator standing this week recorded a net position of 21,956 contracts in the data reported through Tuesday. This was a weekly lift of 57 contracts from the previous week which had a total of 21,899 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 6.9 percent. The commercials are Bullish-Extreme with a score of 82.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.8 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.141.812.0
– Percent of Open Interest Shorts:24.850.411.8
– Net Position:21,956-22,536580
– Gross Longs:87,558110,73831,759
– Gross Shorts:65,602133,27431,179
– Long to Short Ratio:1.3 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):6.982.583.8
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.42.36.2

 

LEAN HOGS Futures:

The LEAN HOGS large speculator standing this week recorded a net position of 29,619 contracts in the data reported through Tuesday. This was a weekly advance of 4,560 contracts from the previous week which had a total of 25,059 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 39.0 percent. The commercials are Bullish with a score of 67.8 percent and the small traders (not shown in chart) are Bullish with a score of 55.3 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.737.710.6
– Percent of Open Interest Shorts:20.948.514.5
– Net Position:29,619-21,680-7,939
– Gross Longs:71,39575,38621,122
– Gross Shorts:41,77697,06629,061
– Long to Short Ratio:1.7 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):39.067.855.3
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:20.8-22.0-2.8

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week recorded a net position of 37,751 contracts in the data reported through Tuesday. This was a weekly decline of -4,934 contracts from the previous week which had a total of 42,685 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 46.7 percent. The commercials are Bullish with a score of 54.3 percent and the small traders (not shown in chart) are Bearish with a score of 30.3 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.244.96.3
– Percent of Open Interest Shorts:16.167.64.7
– Net Position:37,751-40,6312,880
– Gross Longs:66,52080,42911,313
– Gross Shorts:28,769121,0608,433
– Long to Short Ratio:2.3 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):46.754.330.3
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-21.023.3-43.1

 

COCOA Futures:

The COCOA large speculator standing this week recorded a net position of -602 contracts in the data reported through Tuesday. This was a weekly increase of 3,578 contracts from the previous week which had a total of -4,180 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 17.0 percent. The commercials are Bullish-Extreme with a score of 84.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.8 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.445.44.2
– Percent of Open Interest Shorts:30.645.73.7
– Net Position:-602-1,0281,630
– Gross Longs:94,072140,64913,132
– Gross Shorts:94,674141,67711,502
– Long to Short Ratio:1.0 to 11.0 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):17.084.912.8
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.816.3-17.0

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week recorded a net position of 6,522 contracts in the data reported through Tuesday. This was a weekly advance of 1,883 contracts from the previous week which had a total of 4,639 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 27.5 percent. The commercials are Bullish with a score of 64.2 percent and the small traders (not shown in chart) are Bullish with a score of 60.1 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.340.59.4
– Percent of Open Interest Shorts:29.139.412.7
– Net Position:6,5223,173-9,695
– Gross Longs:91,557118,63427,569
– Gross Shorts:85,035115,46137,264
– Long to Short Ratio:1.1 to 11.0 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):27.564.260.1
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-22.632.8-29.5

 

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 Soft Commodities
16 Jul

COT Week 28 Charts: Soft Commodities Speculators bets drop lower led by Corn, Coffee & Soybeans

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 12th 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 lower this week as five out of the eleven soft commodities markets we cover had higher positioning while the other six markets had lower net speculator contracts.

Leading the gains for soft commodities markets was Sugar (22,357 contracts) and Lean Hogs (9,852 contracts) with Soybean Meal (4,453 contracts), Cocoa (2,935 contracts) and Live Cattle (1,870 contracts) also showing increasing net positions on the week.

The markets leading the declines in speculator bets this week were Corn (-13,549 contracts) and Coffee (-12,479 contracts) with Soybeans (-10,372 contracts), Cotton (-7,860 contracts), Soybean Oil (-4,893 contracts) and Wheat (-3,745 contracts) also seeing lower speculator net positions on the week.

The latest data for the soft commodities markets (especially strength trends further below) shows how much the softs sentiment has cooled off after a super-hot start to the year.

 

Data Snapshot of Commodity Market Traders | Columns Legend
Jul-12-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,612,8030268,3280-294,52610026,19852
Gold542,49326118,1210-137,78810019,6670
Silver142,25993,2040-9,6121006,4080
Copper172,0376-26,2952327,06178-76621
Palladium6,4741-2,80273,25293-45018
Platinum75,61548-5,91101,2351004,67627
Natural Gas969,2040-131,6033994,1956137,40869
Brent171,95017-38,3884736,619541,76933
Heating Oil266,330226,72852-22,8534716,12554
Soybeans611,7511115,11949-87,28457-27,83524
Corn1,333,1990247,15662-196,53344-50,62314
Coffee195,810234,30868-35,166378580
Sugar701,1440105,86958-115,779469,91020
Wheat288,18204,639255,04167-9,68060

 

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 (83.4 percent) positions lead the strength scores in the soft commodity markets and are currently in a bullish extreme position. Coffee (68.5 percent) comes in as the next highest soft commodity market in strength scores followed by Corn (61.6 percent) and Sugar (58.4 percent). On the downside, Live Cattle (6.8 percent) and Cocoa (13.5 percent) come in at the lowest strength levels currently and are both in extreme bearish levels.


Strength Statistics:
Corn (61.6 percent) vs Corn previous week (63.3 percent)
Sugar (58.4 percent) vs Sugar previous week (53.8 percent)
Coffee (68.5 percent) vs Coffee previous week (79.3 percent)
Soybeans (49.2 percent) vs Soybeans previous week (52.4 percent)
Soybean Oil (25.8 percent) vs Soybean Oil previous week (29.0 percent)
Soybean Meal (83.4 percent) vs Soybean Meal previous week (80.9 percent)
Live Cattle (6.8 percent) vs Live Cattle previous week (4.5 percent)
Lean Hogs (34.0 percent) vs Lean Hogs previous week (23.3 percent)
Cotton (49.8 percent) vs Cotton previous week (54.8 percent)
Cocoa (13.5 percent) vs Cocoa previous week (10.7 percent)
Wheat (25.1 percent) vs Wheat previous week (30.0 percent)

Strength Trends

Strength Score Trends (or move index, calculates the 6-week changes in strength scores) show that Lean Hogs (17.3 percent) leads the past six weeks trends for the soft commodity markets this week. Soybean Meal (10.9 percent) and Live Cattle (3.0 percent) round out the only other positive movers in the latest trends data. Soybean Oil (-30.2 percent) and Wheat (-23.0 percent) lead the downside trend scores currently while the next markets with lower trend scores were Soybeans (-21.6 percent) and Corn (-20.1 percent) followed by Sugar (-19.7 percent).


Strength Trend Statistics:
Corn (-20.1 percent) vs Corn previous week (-21.4 percent)
vs Sugar previous week (-25.9 percent)
Coffee (-7.5 percent) vs Coffee previous week (8.4 percent)
Soybeans (-21.6 percent) vs Soybeans previous week (-19.1 percent)
Soybean Oil (-30.2 percent) vs Soybean Oil previous week (-29.9 percent)
Soybean Meal (10.9 percent) vs Soybean Meal previous week (7.8 percent)
Live Cattle (3.0 percent) vs Live Cattle previous week (-3.4 percent)
Lean Hogs (17.3 percent) vs Lean Hogs previous week (8.6 percent)
Cotton (-17.9 percent) vs Cotton previous week (-14.0 percent)
Cocoa (-14.0 percent) vs Cocoa previous week (-15.4 percent)
Wheat (-23.0 percent) vs Wheat previous week (-23.4 percent)

Individual Markets:

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week was a net position of 247,156 contracts in the data reported through Tuesday. This was a weekly decrease of -13,549 contracts from the previous week which had a total of 260,705 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 61.6 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 13.9 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.846.89.3
– Percent of Open Interest Shorts:10.361.613.1
– Net Position:247,156-196,533-50,623
– Gross Longs:384,324624,590123,773
– Gross Shorts:137,168821,123174,396
– Long to Short Ratio:2.8 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):61.643.913.9
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-20.122.30.1

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week was a net position of 105,869 contracts in the data reported through Tuesday. This was a weekly increase of 22,357 contracts from the previous week which had a total of 83,512 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 58.4 percent. The commercials are Bearish with a score of 46.2 percent and the small traders (not shown in chart) are Bearish with a score of 20.1 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:26.950.59.0
– Percent of Open Interest Shorts:11.867.07.6
– Net Position:105,869-115,7799,910
– Gross Longs:188,691354,17362,937
– Gross Shorts:82,822469,95253,027
– Long to Short Ratio:2.3 to 10.8 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):58.446.220.1
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-19.723.7-36.0

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week was a net position of 34,308 contracts in the data reported through Tuesday. This was a weekly decline of -12,479 contracts from the previous week which had a total of 46,787 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 68.5 percent. The commercials are Bearish with a score of 37.3 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 0.0 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.052.74.4
– Percent of Open Interest Shorts:7.570.63.9
– Net Position:34,308-35,166858
– Gross Longs:49,003103,1138,550
– Gross Shorts:14,695138,2797,692
– Long to Short Ratio:3.3 to 10.7 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):68.537.30.0
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-7.59.6-18.6

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week was a net position of 115,119 contracts in the data reported through Tuesday. This was a weekly lowering of -10,372 contracts from the previous week which had a total of 125,491 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 49.2 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 24.0 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.151.36.3
– Percent of Open Interest Shorts:9.265.610.9
– Net Position:115,119-87,284-27,835
– Gross Longs:171,610313,98638,675
– Gross Shorts:56,491401,27066,510
– Long to Short Ratio:3.0 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.257.524.0
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-21.621.3-0.9

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week was a net position of 29,788 contracts in the data reported through Tuesday. This was a weekly decrease of -4,893 contracts from the previous week which had a total of 34,681 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 76.3 percent and the small traders (not shown in chart) are Bearish with a score of 22.5 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:18.959.36.9
– Percent of Open Interest Shorts:10.868.06.3
– Net Position:29,788-32,2002,412
– Gross Longs:69,825219,39925,642
– Gross Shorts:40,037251,59923,230
– Long to Short Ratio:1.7 to 10.9 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):25.876.322.5
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-30.236.0-55.3

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week was a net position of 100,397 contracts in the data reported through Tuesday. This was a weekly lift of 4,453 contracts from the previous week which had a total of 95,944 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 83.4 percent. The commercials are Bearish with a score of 20.7 percent and the small traders (not shown in chart) are Bearish with a score of 34.4 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.943.010.4
– Percent of Open Interest Shorts:2.673.25.5
– Net Position:100,397-119,78719,390
– Gross Longs:110,774170,71041,383
– Gross Shorts:10,377290,49721,993
– Long to Short Ratio:10.7 to 10.6 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):83.420.734.4
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:10.9-5.4-47.0

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week was a net position of 21,899 contracts in the data reported through Tuesday. This was a weekly gain of 1,870 contracts from the previous week which had a total of 20,029 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-Extreme with a score of 6.8 percent. The commercials are Bullish-Extreme with a score of 82.5 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 84.0 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:34.341.111.6
– Percent of Open Interest Shorts:26.249.511.3
– Net Position:21,899-22,536637
– Gross Longs:92,671111,20431,321
– Gross Shorts:70,772133,74030,684
– Long to Short Ratio:1.3 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):6.882.584.0
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:3.0-5.45.6

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week was a net position of 25,059 contracts in the data reported through Tuesday. This was a weekly rise of 9,852 contracts from the previous week which had a total of 15,207 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 34.0 percent. The commercials are Bullish with a score of 73.7 percent and the small traders (not shown in chart) are Bullish with a score of 53.3 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:34.139.69.8
– Percent of Open Interest Shorts:21.248.214.1
– Net Position:25,059-16,735-8,324
– Gross Longs:66,22176,85119,114
– Gross Shorts:41,16293,58627,438
– Long to Short Ratio:1.6 to 10.8 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):34.073.753.3
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:17.3-17.2-6.8

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week was a net position of 42,685 contracts in the data reported through Tuesday. This was a weekly decline of -7,860 contracts from the previous week which had a total of 50,545 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 51.3 percent and the small traders (not shown in chart) are Bearish with a score of 31.4 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:38.343.56.7
– Percent of Open Interest Shorts:14.169.55.0
– Net Position:42,685-45,7403,055
– Gross Longs:67,51776,79611,861
– Gross Shorts:24,832122,5368,806
– Long to Short Ratio:2.7 to 10.6 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):49.851.331.4
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-17.920.6-45.2

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week was a net position of -4,180 contracts in the data reported through Tuesday. This was a weekly boost of 2,935 contracts from the previous week which had a total of -7,115 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-Extreme with a score of 13.5 percent. The commercials are Bullish-Extreme with a score of 87.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.3 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.646.24.6
– Percent of Open Interest Shorts:30.945.53.9
– Net Position:-4,1802,1022,078
– Gross Longs:90,985141,97014,013
– Gross Shorts:95,165139,86811,935
– Long to Short Ratio:1.0 to 11.0 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):13.587.917.3
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.016.0-21.0

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week was a net position of 4,639 contracts in the data reported through Tuesday. This was a weekly reduction of -3,745 contracts from the previous week which had a total of 8,384 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 25.1 percent. The commercials are Bullish with a score of 66.8 percent and the small traders (not shown in chart) are Bullish with a score of 60.2 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.242.59.5
– Percent of Open Interest Shorts:27.640.712.9
– Net Position:4,6395,041-9,680
– Gross Longs:84,206122,40627,418
– Gross Shorts:79,567117,36537,098
– Long to Short Ratio:1.1 to 11.0 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):25.166.860.2
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-23.033.7-31.2

 

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 Soft Commodities
09 Jul

COT Week 27 Charts: Soft Commodities Speculators bets go lower led by Corn, Sugar & Cocoa

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

soft commodities open interest futures percents

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 5th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

The soft commodities market speculator bets headed 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 speculator contracts.

Leading the gains for soft commodities markets was Soybean Meal (2,019 contracts) and Coffee (1,587 contracts) with Wheat (705 contracts) also having a positive week. Meanwhile, leading the declines in speculator bets this week were Corn (-67,397 contracts) and Sugar (-39,197 contracts) with Cocoa (-13,454 contracts), Soybeans (-11,702 contracts), Soybean Oil (-10,237 contracts), Live Cattle (-7,806 contracts), Cotton (-5,845 contracts) and Lean Hogs (-1,080 contracts) also registering lower bets on the week.

soft commodities speculator strengths futures percent scores

Strength scores (measuring the 3-Year range of Speculator positions, from 0 to 100 where above 80 percent is extreme bullish and below 20 percent is extreme bearish) show that Coffee (79.3 percent) and Soybean Meal (80.9 percent) are leading this week with Soybean Meal just above the bullish extreme level (80 percent). On the lower side, Live Cattle (4.5 percent) and Cocoa (10.7 percent) are the lowest strength scores and are both in bearish extreme levels this week.

speculators trends futures positions for soft commodities

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows once again this week how much the softs sentiment has cooled off after a scorching start to the year. Lean Hogs (8.6 percent), Coffee (8.4 percent) and Soybean Meal (7.8 percent) are the only markets that have had a gain of strength scores over the past six weeks. On the downside, Soybean Oil (-29.9 percent), Sugar (-25.9 percent) and Wheat (-23.4 percent) are leading the downtrends among the soft commodities markets.

Data Snapshot of Commodity Market Traders | Columns Legend
Jul-05-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,637,8620280,5230-304,21710023,69448
Gold498,21013145,6600-165,58510019,9250
Silver140,46375,1390-11,6221006,4830
Copper183,33115-31,7961931,3408145628
Palladium7,3735-3,41044,10498-6944
Platinum72,89544-2,7340-1,6701004,40423
Natural Gas977,5070-130,5193991,9506038,56971
Brent166,71113-38,5144737,309551,20526
Heating Oil264,269216,48652-22,7754716,28955
Soybeans638,6757125,49152-93,63856-31,85317
Corn1,331,0350260,70563-207,44142-53,26412
Coffee193,731146,78779-49,139252,35214
Sugar713,245083,51254-85,255521,74310
Wheat288,75408,3843062361-9,00764

 

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week totaled a net position of 260,705 contracts in the data reported through Tuesday. This was a weekly reduction of -67,397 contracts from the previous week which had a total of 328,102 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 63.3 percent. The commercials are Bearish with a score of 42.4 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.4 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.746.59.2
– Percent of Open Interest Shorts:10.162.113.2
– Net Position:260,705-207,441-53,264
– Gross Longs:395,713618,691122,652
– Gross Shorts:135,008826,132175,916
– Long to Short Ratio:2.9 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):63.342.412.4
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-21.423.51.2

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week totaled a net position of 83,512 contracts in the data reported through Tuesday. This was a weekly decrease of -39,197 contracts from the previous week which had a total of 122,709 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 52.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 10.0 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:26.850.79.1
– Percent of Open Interest Shorts:15.162.78.9
– Net Position:83,512-85,2551,743
– Gross Longs:191,390361,89265,138
– Gross Shorts:107,878447,14763,395
– Long to Short Ratio:1.8 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):53.852.010.0
– Strength Index Reading (3 Year Range):BullishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-25.932.3-54.7

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week totaled a net position of 46,787 contracts in the data reported through Tuesday. This was a weekly gain of 1,587 contracts from the previous week which had a total of 45,200 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 79.3 percent. The commercials are Bearish with a score of 24.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 13.5 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.449.24.5
– Percent of Open Interest Shorts:4.274.63.3
– Net Position:46,787-49,1392,352
– Gross Longs:54,96595,3328,800
– Gross Shorts:8,178144,4716,448
– Long to Short Ratio:6.7 to 10.7 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):79.324.713.5
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.4-9.79.4

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week totaled a net position of 125,491 contracts in the data reported through Tuesday. This was a weekly reduction of -11,702 contracts from the previous week which had a total of 137,193 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 52.4 percent. The commercials are Bullish with a score of 55.6 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 17.2 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.851.85.9
– Percent of Open Interest Shorts:10.266.410.9
– Net Position:125,491-93,638-31,853
– Gross Longs:190,571330,58437,700
– Gross Shorts:65,080424,22269,553
– Long to Short Ratio:2.9 to 10.8 to 10.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):52.455.617.2
– Strength Index Reading (3 Year Range):BullishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-19.119.5-4.3

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week totaled a net position of 34,681 contracts in the data reported through Tuesday. This was a weekly fall of -10,237 contracts from the previous week which had a total of 44,918 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 29.0 percent. The commercials are Bullish with a score of 72.5 percent and the small traders (not shown in chart) are Bearish with a score of 28.1 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:20.857.17.3
– Percent of Open Interest Shorts:11.367.76.2
– Net Position:34,681-38,6143,933
– Gross Longs:75,794208,44026,452
– Gross Shorts:41,113247,05422,519
– Long to Short Ratio:1.8 to 10.8 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):29.072.528.1
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-29.936.0-56.9

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week totaled a net position of 95,944 contracts in the data reported through Tuesday. This was a weekly gain of 2,019 contracts from the previous week which had a total of 93,925 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 24.3 percent and the small traders (not shown in chart) are Bearish with a score of 21.3 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.342.510.6
– Percent of Open Interest Shorts:4.071.06.3
– Net Position:95,944-112,76116,817
– Gross Longs:111,776167,82141,885
– Gross Shorts:15,832280,58225,068
– Long to Short Ratio:7.1 to 10.6 to 11.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):80.924.321.3
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:7.8-2.3-49.2

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week totaled a net position of 20,029 contracts in the data reported through Tuesday. This was a weekly decrease of -7,806 contracts from the previous week which had a total of 27,835 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 4.5 percent. The commercials are Bullish-Extreme with a score of 85.1 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 83.7 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.839.711.0
– Percent of Open Interest Shorts:26.747.110.8
– Net Position:20,029-20,591562
– Gross Longs:94,773111,32030,936
– Gross Shorts:74,744131,91130,374
– Long to Short Ratio:1.3 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):4.585.183.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-3.42.14.0

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week totaled a net position of 15,207 contracts in the data reported through Tuesday. This was a weekly reduction of -1,080 contracts from the previous week which had a total of 16,287 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 23.3 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 49.8 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.141.09.0
– Percent of Open Interest Shorts:24.344.213.7
– Net Position:15,207-6,194-9,013
– Gross Longs:62,22279,26817,491
– Gross Shorts:47,01585,46226,504
– Long to Short Ratio:1.3 to 10.9 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):23.386.149.8
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:8.6-5.9-15.0

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week totaled a net position of 50,545 contracts in the data reported through Tuesday. This was a weekly lowering of -5,845 contracts from the previous week which had a total of 56,390 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 54.8 percent. The commercials are Bearish with a score of 46.1 percent and the small traders (not shown in chart) are Bearish with a score of 37.6 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:40.741.67.1
– Percent of Open Interest Shorts:11.772.94.8
– Net Position:50,545-54,5764,031
– Gross Longs:70,87172,52412,397
– Gross Shorts:20,326127,1008,366
– Long to Short Ratio:3.5 to 10.6 to 11.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):54.846.137.6
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.017.0-44.4

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week totaled a net position of -7,115 contracts in the data reported through Tuesday. This was a weekly decline of -13,454 contracts from the previous week which had a total of 6,339 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 10.7 percent. The commercials are Bullish-Extreme with a score of 91.0 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 14.8 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.946.44.6
– Percent of Open Interest Shorts:32.144.74.0
– Net Position:-7,1155,2871,828
– Gross Longs:94,360146,52414,461
– Gross Shorts:101,475141,23712,633
– Long to Short Ratio:0.9 to 11.0 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):10.791.014.8
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-15.418.3-31.4

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week totaled a net position of 8,384 contracts in the data reported through Tuesday. This was a weekly rise of 705 contracts from the previous week which had a total of 7,679 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 30.0 percent. The commercials are Bullish with a score of 60.6 percent and the small traders (not shown in chart) are Bullish with a score of 63.7 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.241.99.2
– Percent of Open Interest Shorts:27.341.712.4
– Net Position:8,384623-9,007
– Gross Longs:87,094121,00626,674
– Gross Shorts:78,710120,38335,681
– Long to Short Ratio:1.1 to 11.0 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):30.060.663.7
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-23.435.5-36.3

 

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 Soft Commodities
02 Jul

COT Week 26 Charts: Soft Commodities Speculators bets drop sharply led by Corn, Soybeans & Sugar

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 June 28th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

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

Leading the gains for soft commodities markets was Lean Hogs (4,228 contracts) and Cocoa (3,034 contracts) as the only markets showing positive weeks. Meanwhile, leading the declines in speculator bets this week were Corn (-52,067 contracts), Soybeans (-41,186 contracts) and Sugar (-40,402 contracts) with Soybean Oil (-22,612 contracts), Live Cattle (-12,287 contracts), Wheat (-11,388 contracts), Cotton (-9,655 contracts), Coffee (-4,171 contracts) and Soybean Meal (-1,446 contracts) also registering lower bets on the week.

Strength scores (measuring the 3-Year range of Speculator positions, from 0 to 100 where above 80 percent is extreme bullish and below 20 percent is extreme bearish) show that Soybean Meal (80 percent) is leading the speculator strength positions at an extreme bullish score. Coffee (78 percent) and Corn (72 percent) are the next highest in strength scores. Live Cattle (14 percent) is the lone extreme bearish market with Cocoa (24 percent) coming in as the next lowest.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows the trends for soft commodities are on the downside with eight out of the eleven markets showing negative trends. Soybean Oil (-34 percent) and Wheat (-28 percent) are leading the negative scores currently. The only markets with positive scores this week are Coffee (6 percent), Lean Hogs (9 percent) and Soybean Meal (12 percent).

Data Snapshot of Commodity Market Traders | Columns Legend
Jun-28-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,651,5660299,6923-327,9389928,24655
Gold497,00513157,6932-182,0079824,31416
Silver135,775310,8910-18,4851007,5940
Copper182,35214-30,6962031,19781-50122
Palladium7,7656-3,82514,441100-6168
Platinum68,23236-1,3062-3,3811004,68727
Natural Gas987,7400-129,4194090,8406038,57971
Brent173,92019-42,6774041,434621,24326
Heating Oil269,168237,50853-25,7434418,23562
Soybeans653,33711137,19356-106,70552-30,48820
Corn1,338,0540328,10272-274,11033-53,99212
Coffee194,896245,20078-47,147261,9479
Sugar734,3240122,70962-132,8774310,16820
Wheat291,04107,67929-1,87157-5,80880

 

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week came in at a net position of 328,102 contracts in the data reported through Tuesday. This was a weekly reduction of -52,067 contracts from the previous week which had a total of 380,169 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 71.9 percent. The commercials are Bearish with a score of 32.9 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.0 percent.

CORN Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.444.69.4
– Percent of Open Interest Shorts:7.965.113.4
– Net Position:328,102-274,110-53,992
– Gross Longs:433,710597,265125,886
– Gross Shorts:105,608871,375179,878
– Long to Short Ratio:4.1 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):71.932.912.0
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-18.621.4-2.9

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week came in at a net position of 122,709 contracts in the data reported through Tuesday. This was a weekly lowering of -40,402 contracts from the previous week which had a total of 163,111 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 61.8 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bearish with a score of 20.4 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.749.29.1
– Percent of Open Interest Shorts:12.067.37.7
– Net Position:122,709-132,87710,168
– Gross Longs:210,575361,00566,813
– Gross Shorts:87,866493,88256,645
– Long to Short Ratio:2.4 to 10.7 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):61.843.020.4
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-15.221.3-47.7

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week came in at a net position of 45,200 contracts in the data reported through Tuesday. This was a weekly decrease of -4,171 contracts from the previous week which had a total of 49,371 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 77.9 percent. The commercials are Bearish with a score of 26.5 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 9.5 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:28.549.44.1
– Percent of Open Interest Shorts:5.373.63.1
– Net Position:45,200-47,1471,947
– Gross Longs:55,54596,2328,006
– Gross Shorts:10,345143,3796,059
– Long to Short Ratio:5.4 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):77.926.59.5
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:5.8-5.6-5.2

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week came in at a net position of 137,193 contracts in the data reported through Tuesday. This was a weekly lowering of -41,186 contracts from the previous week which had a total of 178,379 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 55.9 percent. The commercials are Bullish with a score of 51.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.5 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.352.55.9
– Percent of Open Interest Shorts:8.368.910.5
– Net Position:137,193-106,705-30,488
– Gross Longs:191,380343,22738,323
– Gross Shorts:54,187449,93268,811
– Long to Short Ratio:3.5 to 10.8 to 10.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):55.951.719.5
– Strength Index Reading (3 Year Range):BullishBullishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.115.0-6.4

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week came in at a net position of 44,918 contracts in the data reported through Tuesday. This was a weekly reduction of -22,612 contracts from the previous week which had a total of 67,530 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 35.9 percent. The commercials are Bullish with a score of 63.7 percent and the small traders (not shown in chart) are Bearish with a score of 44.4 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:22.755.78.4
– Percent of Open Interest Shorts:10.370.46.1
– Net Position:44,918-53,2258,307
– Gross Longs:82,491202,34330,416
– Gross Shorts:37,573255,56822,109
– Long to Short Ratio:2.2 to 10.8 to 11.4 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):35.963.744.4
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-34.238.6-48.9

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week came in at a net position of 93,925 contracts in the data reported through Tuesday. This was a weekly lowering of -1,446 contracts from the previous week which had a total of 95,371 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 79.8 percent. The commercials are Bearish with a score of 23.2 percent and the small traders (not shown in chart) are Bearish with a score of 42.3 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.343.511.4
– Percent of Open Interest Shorts:3.372.86.0
– Net Position:93,925-114,86920,944
– Gross Longs:106,995170,25044,567
– Gross Shorts:13,070285,11923,623
– Long to Short Ratio:8.2 to 10.6 to 11.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):79.823.242.3
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:11.5-7.4-33.0

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week came in at a net position of 27,835 contracts in the data reported through Tuesday. This was a weekly fall of -12,287 contracts from the previous week which had a total of 40,122 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 14.3 percent. The commercials are Bullish with a score of 76.2 percent and the small traders (not shown in chart) are Bullish with a score of 79.2 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:35.039.411.2
– Percent of Open Interest Shorts:25.149.111.5
– Net Position:27,835-27,080-755
– Gross Longs:98,030110,51331,369
– Gross Shorts:70,195137,59332,124
– Long to Short Ratio:1.4 to 10.8 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):14.376.279.2
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-9.05.99.9

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week came in at a net position of 16,287 contracts in the data reported through Tuesday. This was a weekly gain of 4,228 contracts from the previous week which had a total of 12,059 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 24.5 percent. The commercials are Bullish-Extreme with a score of 84.8 percent and the small traders (not shown in chart) are Bullish with a score of 50.1 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.941.69.7
– Percent of Open Interest Shorts:24.245.514.5
– Net Position:16,287-7,339-8,948
– Gross Longs:61,37877,47218,100
– Gross Shorts:45,09184,81127,048
– Long to Short Ratio:1.4 to 10.9 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):24.584.850.1
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:9.3-5.5-19.9

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week came in at a net position of 56,390 contracts in the data reported through Tuesday. This was a weekly reduction of -9,655 contracts from the previous week which had a total of 66,045 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 58.6 percent. The commercials are Bearish with a score of 41.9 percent and the small traders (not shown in chart) are Bearish with a score of 46.8 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:41.440.37.6
– Percent of Open Interest Shorts:9.375.64.5
– Net Position:56,390-61,8565,466
– Gross Longs:72,62270,58513,385
– Gross Shorts:16,232132,4417,919
– Long to Short Ratio:4.5 to 10.5 to 11.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):58.641.946.8
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-14.617.0-38.7

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week came in at a net position of 6,339 contracts in the data reported through Tuesday. This was a weekly lift of 3,034 contracts from the previous week which had a total of 3,305 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 with a score of 77.4 percent and the small traders (not shown in chart) are Bearish with a score of 20.2 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.244.34.5
– Percent of Open Interest Shorts:28.147.13.7
– Net Position:6,339-8,7082,369
– Gross Longs:91,654134,44113,610
– Gross Shorts:85,315143,14911,241
– Long to Short Ratio:1.1 to 10.9 to 11.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):23.877.420.2
– Strength Index Reading (3 Year Range):BearishBullishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-12.014.6-27.2

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week came in at a net position of 7,679 contracts in the data reported through Tuesday. This was a weekly decrease of -11,388 contracts from the previous week which had a total of 19,067 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 29.0 percent. The commercials are Bullish with a score of 57.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 80.3 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.940.810.1
– Percent of Open Interest Shorts:28.341.512.1
– Net Position:7,679-1,871-5,808
– Gross Longs:89,989118,83929,465
– Gross Shorts:82,310120,71035,273
– Long to Short Ratio:1.1 to 11.0 to 10.8 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):29.057.080.3
– Strength Index Reading (3 Year Range):BearishBullishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-27.534.3-15.7

 

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 Soft Commodities
25 Jun

COT Week 25 Charts: Soft Commodity Speculator bets slightly lower led by Corn & Sugar

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 June 21st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

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

Leading the gains for soft commodities markets was Live Cattle (7,378 contracts) and Cocoa (6,674 contracts) with Soybean Meal (6,540 contracts), Lean Hogs (4,673 contracts) and Coffee (2,486 contracts) also showing positive speculator contract changes for the week. Meanwhile, leading the declines in speculator bets this week were Corn (-19,606 contracts) and Sugar (-7,372 contracts) with Soybean Oil (-5,868 contracts), Soybeans (-4,288 contracts), Wheat (-1,368 contracts) and Cotton (-210 contracts) also registering lower bets on the week.

Strength scores (3-Year range of Speculator positions, from 0 to 100 where above 80 is extreme bullish and below 20 is extreme bearish) show that Coffee (81 percent) and Soybean Meal (80.6 percent) are in extreme bullish positions as of the latest data release. On the downside for strength scores is Lean Hogs (19.9 percent) which is just on the edge of being in a bearish extreme position and then Cocoa (20.9 percent) which is the next lowest.

Strength score trends (or move index, that calculate 6-week changes in strength scores) shows that Coffee (14.5 percent) and Soybean Meal (6.3 percent) have the highest trends as of the latest data. The overall effect of this chart shows how most of the soft commodities markets have really cooled off after really strong speculator sentiment since the start of the year.

Data Snapshot of Commodity Market Traders | Columns Legend
Jun-21-2022OIOI-IndexSpec-NetSpec-IndexCom-NetCOM-IndexSmalls-NetSmalls-Index
WTI Crude1,658,6360289,5020-323,91510034,41364
Gold500,27614163,2874-186,9299623,64214
Silver145,3561218,4197-27,250938,8314
Copper187,17017-20,9382718,928722,01037
Palladium7,6416-4,04604,511100-46517
Platinum64,946301,4916-6,397964,90630
Natural Gas1,030,9710-130,8693985,9775844,89286
Brent173,09818-38,0104736,052531,95836
Heating Oil268,818239,56456-28,2044118,64063
Soybeans745,49432178,37968-152,96838-25,41128
Corn1,512,15223380,16979-326,47425-53,69512
Coffee192,832049,37181-52,348222,97720
Sugar779,7730163,11170-181,2803418,16930
Wheat320,326619,06744-15,40738-3,66091

 

CORN Futures:

CORN Futures COT ChartThe CORN large speculator standing this week reached a net position of 380,169 contracts in the data reported through Tuesday. This was a weekly fall of -19,606 contracts from the previous week which had a total of 399,775 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 78.6 percent. The commercials are Bearish with a score of 25.4 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:33.344.79.3
– Percent of Open Interest Shorts:8.266.312.9
– Net Position:380,169-326,474-53,695
– Gross Longs:504,174675,580140,912
– Gross Shorts:124,0051,002,054194,607
– Long to Short Ratio:4.1 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):78.625.412.1
– Strength Index Reading (3 Year Range):BullishBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-11.612.61.1

 

SUGAR Futures:

SUGAR Futures COT ChartThe SUGAR large speculator standing this week reached a net position of 163,111 contracts in the data reported through Tuesday. This was a weekly fall of -7,372 contracts from the previous week which had a total of 170,483 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 70.1 percent. The commercials are Bearish with a score of 33.8 percent and the small traders (not shown in chart) are Bearish with a score of 30.3 percent.

SUGAR Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:29.149.29.0
– Percent of Open Interest Shorts:8.272.46.7
– Net Position:163,111-181,28018,169
– Gross Longs:227,142383,64670,240
– Gross Shorts:64,031564,92652,071
– Long to Short Ratio:3.5 to 10.7 to 11.3 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):70.133.830.3
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.97.5-18.9

 

COFFEE Futures:

COFFEE Futures COT ChartThe COFFEE large speculator standing this week reached a net position of 49,371 contracts in the data reported through Tuesday. This was a weekly gain of 2,486 contracts from the previous week which had a total of 46,885 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 81.5 percent. The commercials are Bearish with a score of 21.7 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 19.8 percent.

COFFEE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.347.64.4
– Percent of Open Interest Shorts:4.774.72.8
– Net Position:49,371-52,3482,977
– Gross Longs:58,44291,7898,425
– Gross Shorts:9,071144,1375,448
– Long to Short Ratio:6.4 to 10.6 to 11.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):81.521.719.8
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:14.5-17.019.8

 

SOYBEANS Futures:

SOYBEANS Futures COT ChartThe SOYBEANS large speculator standing this week reached a net position of 178,379 contracts in the data reported through Tuesday. This was a weekly decrease of -4,288 contracts from the previous week which had a total of 182,667 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 68.5 percent. The commercials are Bearish with a score of 37.9 percent and the small traders (not shown in chart) are Bearish with a score of 28.1 percent.

SOYBEANS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.350.56.6
– Percent of Open Interest Shorts:6.471.010.0
– Net Position:178,379-152,968-25,411
– Gross Longs:226,191376,15549,215
– Gross Shorts:47,812529,12374,626
– Long to Short Ratio:4.7 to 10.7 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):68.537.928.1
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:1.1-1.62.5

 

SOYBEAN OIL Futures:

SOYBEAN OIL Futures COT ChartThe SOYBEAN OIL large speculator standing this week reached a net position of 67,530 contracts in the data reported through Tuesday. This was a weekly reduction of -5,868 contracts from the previous week which had a total of 73,398 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 50.9 percent. The commercials are Bearish with a score of 48.9 percent and the small traders (not shown in chart) are Bullish with a score of 52.0 percent.

SOYBEAN OIL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:25.052.98.4
– Percent of Open Interest Shorts:7.673.05.7
– Net Position:67,530-77,86910,339
– Gross Longs:96,861205,00732,564
– Gross Shorts:29,331282,87622,225
– Long to Short Ratio:3.3 to 10.7 to 11.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):50.948.952.0
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-22.024.5-29.5

 

SOYBEAN MEAL Futures:

SOYBEAN MEAL Futures COT ChartThe SOYBEAN MEAL large speculator standing this week reached a net position of 95,371 contracts in the data reported through Tuesday. This was a weekly advance of 6,540 contracts from the previous week which had a total of 88,831 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 80.6 percent. The commercials are Bearish with a score of 20.7 percent and the small traders (not shown in chart) are Bullish with a score of 60.0 percent.

SOYBEAN MEAL Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:27.542.811.8
– Percent of Open Interest Shorts:3.972.65.7
– Net Position:95,371-119,79924,428
– Gross Longs:110,934172,82347,533
– Gross Shorts:15,563292,62223,105
– Long to Short Ratio:7.1 to 10.6 to 12.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):80.620.760.0
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:6.3-6.12.6

 

LIVE CATTLE Futures:

LIVE CATTLE Futures COT ChartThe LIVE CATTLE large speculator standing this week reached a net position of 40,122 contracts in the data reported through Tuesday. This was a weekly advance of 7,378 contracts from the previous week which had a total of 32,744 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 29.7 percent. The commercials are Bullish with a score of 60.4 percent and the small traders (not shown in chart) are Bullish with a score of 76.7 percent.

LIVE CATTLE Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:37.139.711.4
– Percent of Open Interest Shorts:22.653.612.0
– Net Position:40,122-38,641-1,481
– Gross Longs:102,557109,56131,589
– Gross Shorts:62,435148,20233,070
– Long to Short Ratio:1.6 to 10.7 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):29.760.476.7
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:0.4-3.98.8

 

LEAN HOGS Futures:

LEAN HOGS Futures COT ChartThe LEAN HOGS large speculator standing this week reached a net position of 12,059 contracts in the data reported through Tuesday. This was a weekly lift of 4,673 contracts from the previous week which had a total of 7,386 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 89.9 percent and the small traders (not shown in chart) are Bearish with a score of 49.7 percent.

LEAN HOGS Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:31.643.410.2
– Percent of Open Interest Shorts:25.245.015.0
– Net Position:12,059-3,041-9,018
– Gross Longs:59,03180,95518,981
– Gross Shorts:46,97283,99627,999
– Long to Short Ratio:1.3 to 11.0 to 10.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):19.989.949.7
– Strength Index Reading (3 Year Range):Bearish-ExtremeBullish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-4.79.2-18.1

 

COTTON Futures:

COTTON Futures COT ChartThe COTTON large speculator standing this week reached a net position of 66,045 contracts in the data reported through Tuesday. This was a weekly decrease of -210 contracts from the previous week which had a total of 66,255 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 64.7 percent. The commercials are Bearish with a score of 35.5 percent and the small traders (not shown in chart) are Bullish with a score of 54.2 percent.

COTTON Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:42.439.78.3
– Percent of Open Interest Shorts:8.077.64.8
– Net Position:66,045-72,6816,636
– Gross Longs:81,41076,25115,830
– Gross Shorts:15,365148,9329,194
– Long to Short Ratio:5.3 to 10.5 to 11.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):64.735.554.2
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-10.011.7-26.7

 

COCOA Futures:

COCOA Futures COT ChartThe COCOA large speculator standing this week reached a net position of 3,305 contracts in the data reported through Tuesday. This was a weekly boost of 6,674 contracts from the previous week which had a total of -3,369 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 20.9 percent. The commercials are Bullish-Extreme with a score of 81.2 percent and the small traders (not shown in chart) are Bearish-Extreme with a score of 12.0 percent.

COCOA Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:30.343.94.2
– Percent of Open Interest Shorts:29.245.53.7
– Net Position:3,305-4,8561,551
– Gross Longs:93,606135,95812,977
– Gross Shorts:90,301140,81411,426
– Long to Short Ratio:1.0 to 11.0 to 11.1 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):20.981.212.0
– Strength Index Reading (3 Year Range):BearishBullish-ExtremeBearish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-17.421.3-41.9

 

WHEAT Futures:

WHEAT Futures COT ChartThe WHEAT large speculator standing this week reached a net position of 19,067 contracts in the data reported through Tuesday. This was a weekly reduction of -1,368 contracts from the previous week which had a total of 20,435 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 43.9 percent. The commercials are Bearish with a score of 37.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 91.4 percent.

WHEAT Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:32.139.110.4
– Percent of Open Interest Shorts:26.244.011.5
– Net Position:19,067-15,407-3,660
– Gross Longs:102,924125,39933,167
– Gross Shorts:83,857140,80636,827
– Long to Short Ratio:1.2 to 10.9 to 10.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):43.937.891.4
– Strength Index Reading (3 Year Range):BearishBearishBullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-3.43.41.3

 

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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