Recent Softs Analysis
CFTC COT Report Analysis
The ag markets and traders’ position in them look dramatically different now than they did last Tuesday, the CFTC’s weekly reporting deadline. On Wednesday after the market close, President Trump announced a suite of sweeping tariffs against literally every country in the world, whi...
CFTC COT Report Analysis
Friday’s CFTC report showed continued selling activity from managed money funds in the grain and oilseed sector. The action was expected, given the weakness in futures over the past few weeks and funds’ positions as of last Tuesday were in line with expectations. In the soy complex,...
CFTC COT Report Analysis
Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of their long (74,000 contracts) and are now long just 132,000 contracts, or less than half of their position just a few weeks ago. That rapid li...
CFTC COT Report Analysis
As expected, Friday’s CFTC report showed managed money funds to be aggressive net sellers across the ag complex due to tariff concerns, widespread “risk off” trade, and weak technical conditions. The selling was most pronounced in corn futures, where funds shed 38 percent of a...
CFTC COT Report Analysis
Last week, managed money funds were primarily net sellers across the ag space but overall volumes were relatively muted. The selling was most consistent and perhaps most pronounced in the soy complex, where funds shed 30 percent (9,900 contracts) of their dwindling soybean longs and added 13 pe...
CFTC COT Report Analysis
In the week following the February WASDE, managed money traders’ sentiments towards the ag markets changed relatively little. Funds perhaps most notably expanded their long position in corn by 10 percent to a new five-year seasonal record large position. Since Tuesday’s data r...
CFTC COT Report Analysis
Managed money traders’ sentiments shifted last week, according to the latest CFTC report. Funds who had previously been bullish soybeans and corn, shifted to become net sellers of both commodities. The trend shifts didn’t stop there, however, as previously bearish funds were net buy...
CFTC COT Report Analysis
The CFTC report featured more bullish sentiments from managed money traders with funds slightly expanding a massive long position in corn and adding length in the soy complex as well. Funds added another 5 percent to their long corn positions through last Tuesday and are just 7,000 contracts sh...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds still engaged in the expected buying in corn and across the soy complex. Funds expanded their long position in corn by 7 percent and are now just about 17,000 contract shy of their seasonal record long position. Funds were n...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds engaged in the expected buying in corn and across the soy complex. Perhaps the biggest feature of the report was funds’ exchange of a small net short in soybeans for a modest long of 58,000 contracts, after they bought...
CFTC COT Report Analysis
There were really no surprises in this week’s CFTC report, which was delayed one day due to the national day of mourning for President Carter, as funds’ activity matched up with expectations and general market direction. Note that the data, which captures funds’ positions through Tuesday, 7 Jan...
CFTC COT Report Analysis
The big surprise in the CFTC report was that funds, through Tuesday last week, did not exit as much of their long corn position as previously thought. Expectations were for funds to have pared that position back to about 125,000 contacts, instead they shed just 7,800 contracts (4.8 percent) and...
CFTC COT Report Analysis
The ag markets and traders’ position in them look dramatically different now than they did last Tuesday, the CFTC’s weekly reporting deadline. On Wednesday after the market close, President Trump announced a suite of sweeping tariffs against literally every country in the world, whi...
CFTC COT Report Analysis
Friday’s CFTC report showed continued selling activity from managed money funds in the grain and oilseed sector. The action was expected, given the weakness in futures over the past few weeks and funds’ positions as of last Tuesday were in line with expectations. In the soy complex,...
CFTC COT Report Analysis
Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of their long (74,000 contracts) and are now long just 132,000 contracts, or less than half of their position just a few weeks ago. That rapid li...
CFTC COT Report Analysis
As expected, Friday’s CFTC report showed managed money funds to be aggressive net sellers across the ag complex due to tariff concerns, widespread “risk off” trade, and weak technical conditions. The selling was most pronounced in corn futures, where funds shed 38 percent of a...
CFTC COT Report Analysis
Last week, managed money funds were primarily net sellers across the ag space but overall volumes were relatively muted. The selling was most consistent and perhaps most pronounced in the soy complex, where funds shed 30 percent (9,900 contracts) of their dwindling soybean longs and added 13 pe...
CFTC COT Report Analysis
In the week following the February WASDE, managed money traders’ sentiments towards the ag markets changed relatively little. Funds perhaps most notably expanded their long position in corn by 10 percent to a new five-year seasonal record large position. Since Tuesday’s data r...
CFTC COT Report Analysis
Managed money traders’ sentiments shifted last week, according to the latest CFTC report. Funds who had previously been bullish soybeans and corn, shifted to become net sellers of both commodities. The trend shifts didn’t stop there, however, as previously bearish funds were net buy...
CFTC COT Report Analysis
The CFTC report featured more bullish sentiments from managed money traders with funds slightly expanding a massive long position in corn and adding length in the soy complex as well. Funds added another 5 percent to their long corn positions through last Tuesday and are just 7,000 contracts sh...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds still engaged in the expected buying in corn and across the soy complex. Funds expanded their long position in corn by 7 percent and are now just about 17,000 contract shy of their seasonal record long position. Funds were n...
CFTC COT Report Analysis
The CFTC report was in line with expectations again as it showed funds engaged in the expected buying in corn and across the soy complex. Perhaps the biggest feature of the report was funds’ exchange of a small net short in soybeans for a modest long of 58,000 contracts, after they bought...
CFTC COT Report Analysis
There were really no surprises in this week’s CFTC report, which was delayed one day due to the national day of mourning for President Carter, as funds’ activity matched up with expectations and general market direction. Note that the data, which captures funds’ positions through Tuesday, 7 Jan...
CFTC COT Report Analysis
The big surprise in the CFTC report was that funds, through Tuesday last week, did not exit as much of their long corn position as previously thought. Expectations were for funds to have pared that position back to about 125,000 contacts, instead they shed just 7,800 contracts (4.8 percent) and...