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The time frame for the current Commitments of Traders report is from Wednesday February 10 through Tuesday February 16.

Soybeans:

For the week, March soybeans advanced 5.50 cents, May +4.25, July +3.50. The COT report revealed that managed money added 12,111 contracts to their long positions and liquidated 10,159 of their short positions. Commercial interests liquidated 6,222 of their long positions and added 11,677 to their short positions. As of the latest report, managed money is short soybeans by a ratio of 1.43:1, down sharply from the previous week of 1.85:1, but up from the ratio two weeks ago of 1.20:1.

Soybean meal:

For the week, March soybean meal advanced $2.50, May + 1.90, July +1.80. The COT report revealed that managed money added 1,443 to their long positions and liquidated 1,488 of their short positions. Commercial interests added 2,903 to their long positions and also added 5,883 to their short positions. As of the latest report, managed money is short soybean meal by a ratio of 2.14:1, down from the previous week of 2.27:1, but up from the ratio two weeks ago of 1.84:1.

Soybean oil:

For the week, March soybean oil lost 41 points, May -39, July -38. The COT report revealed that managed money added 6,070 to their long positions and liquidated 4,080 of their short positions. Commercial interests liquidated 6,252 of their long positions and added 9,050 to their short positions. As of the latest report, managed money is long soybean oil by a ratio 3.69:1, up sharply from the previous week of 2.87:1 and up slightly from the ratio two weeks ago of 3.29:1.

Corn:

For the week, March corn advanced 6.75 cents, May +5.75, July +5.25. The COT report revealed that managed money liquidated 5,030 of their long positions and added 30,064 to their short positions. Commercial interests liquidated 2,418 of their long positions and also liquidated 19,419 of their short positions. As of the latest report, managed money is short corn by a ratio of 1.87:1, up from the previous week of 1.63:1 and a sharp increase from the ratio two weeks ago of 1.37:1.

Chicago wheat:

For the week, March Chicago wheat advanced 4.25 cents, May +4.25, July + 6.25. The COT report revealed that managed money added 501 contracts to their long positions and also added 4,335 to their short positions. Commercial interests added 6,318 to their long positions and also added 5,901 to their short positions. As of the latest report, managed money is short Chicago wheat by a ratio of 2.40:1, up from the previous week of 2.35:1 and a substantial increase from the ratio two weeks ago of 1.73:1.

Kansas City wheat:

For the week, March Kansas City wheat gained 12.75 cents, May+ 12. 50, July+ 12.00. The COT report revealed that managed money added 2,204 to their long positions and liquidated 49 contracts of their short positions. Commercial interests added 5,292 to their long positions and also added 3,811 to their short positions. As of the latest report, managed money is short Kansas City wheat by a ratio of 1.65:1, down from the previous week of 1.75:1, but up from the ratio two weeks ago of 1.61:1.

Cotton:

For the week, March cotton advanced 1.11 cents, May + 90 points, July + 61. The COT report revealed that managed money added 3,326 to their long positions and also added 5,075 to their short positions. Commercial interests added 3,566 to their long positions and liquidated 10,300 of their short positions. As of the latest report, managed money is short cotton by a ratio 1.08:1, up from the previous week of 1.05:1 and a complete reversal from two weeks ago when managed money was long by ratio of 1.83:1.

Sugar:

For the week, March sugar lost 63 points, May -45, July -32. The COT report revealed that managed money added 2,800 to their long positions and liquidated 1,497 of their short positions. Commercial interests liquidated 17,977 of their long positions and also liquidated 15,137 of their short positions. As of the latest report, managed money is long sugar by a ratio of 1.02:1, up slightly from the previous week of 1.008:1 and a sharp reduction from the ratio two weeks ago of 1.25:1.

Coffee:

For the week, March coffee advanced 20 ticks, May -95, July -95. The COT report revealed that managed money added 1,697 to their long positions and also added 3,520 to their short positions. Commercial interests liquidated 1,835 of their long positions and also liquidated 2,606 of their short positions. As of the latest report, managed money is short coffee by a ratio of 1.59:1, up from the previous week of 1.56:1, but down slightly from the ratio two weeks ago of 1.62:1.

Cocoa:

For the week, March cocoa advanced $9.00, May-17.00, July -14.00. The COT report revealed that managed money liquidated 1,093 of their long positions and also liquidated 2,453 of their short positions. Commercial interests added 5,318 to their long positions and liquidated 3,571 of their short positions. As of the latest report, managed money is long cocoa by a ratio of 1.72:1, up from the previous week of 1.61:1 and the ratio two weeks ago of 1.51:1.

Live cattle:

For the week, April live cattle advanced 4.83 cents, June+ 3.53, August+ 2.95. The COT report revealed that managed money liquidated 770 of their long positions and added 1,559 to their short positions. Commercial interests added 407 to their long positions and also added 1,670 to their short positions. As of the latest report, managed money is long live cattle by a ratio of 1.29:1, down from the previous week of 1.36:1 and the ratio two weeks ago of 1.36:1.

Lean hogs:

For the week, April lean hogs lost 1.47 cents, June -1.20, August -17 ticks. The COT report revealed that managed money added 4,738 to their long positions and also added 16 contracts to their short positions. Commercial interests added 537 to their long positions and also added 5,208 to their short positions. As of the latest report, managed money is long lean hogs by a ratio of 3.37:1, up from the previous week of 3.10 and the ratio two weeks ago of 3.17:1.

WTI Crude Oil:

For the week, March WTI crude oil advanced 20 cents, April -16, May -46. The COT report revealed that managed money liquidated 3,108 of their long positions and added 11,434 to their short positions. Commercial interests liquidated 29,066 of their long positions and also liquidated 30,884 their short positions. As of the latest report, managed money is long WTI crude oil by a ratio of 1.28:1, down from the previous week of 1.37:1 and the ratio two weeks ago of 1.32:1.

Heating oil:

For the week, March heating oil lost 4.38 cents, April -3.70, May -3.01. The COT report revealed that managed money liquidated 1,715 of their long positions and also liquidated 4,123 of their short positions. Commercial interests added 6,527 to their long positions and also added 9,985 to their short positions. As of the latest report, managed money is short heating oil by a ratio of 1.71:1, down from the previous week of 1.76:1 and the ratio two weeks ago of 1.91:1.

Gasoline:

For the week, March gasoline lost 8.38 cents, April -6.10, May -5.52. The COT report revealed that managed money added 428 to their long positions and liquidated 9,429 of their short positions. Commercial interests added 1,589 to their long positions and also added 10,646 to their short positions. As of the latest report, managed money is long gasoline by a ratio of 1.76:1, up sharply from the previous week of 1.35:1 and the ratio two weeks ago of 1.36:1.

During the past week, April gasoline recorded a new contract low of 1.0310.

Natural gas:

For the week, March natural gas lost 16.2 cents, April -16.2, May-15.0 The COT report revealed that managed money added 690 contracts to their long positions and also added 15,435 to their short positions. Commercial interests added 8,550 to their long positions and also added 5,705 to their short positions. As of the latest report, managed money is short natural gas by a ratio 1.84:1, up from the previous week of 1.76:1 but down from the ratio two weeks ago of 1.95:1.

During the past week, March, April and May natural gas recorded new contract lows of 1.794, 1.861 and 1.940 respectively.

Copper:

For the week, March copper advanced 4.75 cents. The COT report revealed that managed money liquidated 3,338 of their long positions and also liquidated 2,772 of their short positions. Commercial interests added 1,100 contracts to their long positions and also added 1,374 to their short positions. As of the latest report, managed money is short copper by a ratio of 1.23:1, up from the previous week of 1.19:1, but down from the ratio two weeks ago of 1.61:1.

Palladium:

For the week, March palladium lost $28.00. The COT report revealed that managed money liquidated 14 contracts of their long positions and also liquidated 105 of their short positions. Commercial interests added 483 to their long positions and also added 1,166 to their short positions. As of the latest report, managed money is long palladium by a ratio 1.94:1, up slightly from the previous week of 1.91:1 and the ratio two weeks ago of 1.87:1.

Platinum:

For the week, April platinum lost $13.50. The COT report revealed that managed money added 445 to their long positions and liquidated 2,878 of their short positions. Commercial interests liquidated 757 of their long positions and added 1,998 to their short positions. As of the latest report, managed money is long platinum by a ratio of 2.78:1, up sharply from the previous week of 2.11:1 and almost double the ratio two weeks ago of 1.47:1.

Gold:

For the week, April gold lost $8.60. The COT report revealed that managed money added 5,160 to their long positions and liquidated 15,217 of their short positions. Commercial interests added 2,097 to their long positions and also added 20,132 contracts to their short positions. As of the latest report, managed money is long gold by a ratio of 2.79:1, up sharply from the previous week of 2.00:1 and almost double the ratio two weeks ago of 1.41:1.

Silver:

For the week, March silver lost 41.7 cents. The COT report revealed that managed money added 1,849 to their long positions and liquidated 6,128 of their short positions. Commercial interests liquidated 641 of their long positions and added 5,028 to their short positions. As of the latest report, managed money is long silver by a ratio of 4.67:1, up sharply from the previous week of 3.08:1 and more than double the ratio two weeks ago of 1.97:1.

Canadian dollar:

For the week, the March Canadian dollar advanced 39 pips. The COT report revealed that leverage funds added 20 contracts to their long positions and liquidated 3,744 of their short positions. As of the latest report, leverage funds remain heavily short the Canadian dollar by a ratio of 7.44:1, which is down from the record high short ratio of the previous week of 7.99:1 and the ratio two weeks ago of 7.73:1.

Short sellers in the Canadian dollar continue to hold a heavy short position. If crude oil begins to rally beyond this past week’s high, the loonie will likely follow it higher fueled by short sellers looking to move to the sidelines.

From the February 14 weekend Wrap On the Canadian Dollar:

“The sizable move from the contract low of 68.09 made on January 20 through the most recent high of 73.31 made on February 4 has not shaken the shorts out of the Canadian dollar market. As a result, we continue to recommend a stand aside posture. The Canadian dollar has been acting in a very firm manner and although we think the loonie is ultimately headed lower, we need to see a substantial number of short-sellers blown out before it is safe to approach the market from the bearish side.”

Australian dollar:

For the week, the March Australian dollar advanced 47 pips. The COT report revealed that leverage funds added 2,490 to their long positions and also added 1,997 to their short positions. As of the latest report, leverage funds are short the Australian dollar by a ratio of 1.67:1, down from the previous week of 1.79:1 and a substantial reduction from the ratio two weeks ago of 2.83:1.

Swiss franc:

For the week, the March Swiss franc lost 1.43 cents. The COT report revealed that leverage funds added 278 contracts to their long positions and liquidated 3,093 of their short positions. As of the latest report, leverage funds are short the Swiss franc by a ratio of 2.34:1, down from the previous week of 2.57:1, but up from the ratio two weeks ago of 1.86:1.

British pound:

For the week, the March British pound lost 1.58 cents. The COT report revealed that leverage funds added 5,954 to their long positions and liquidated 362 contracts of their short positions. As of the latest report, leverage funds are short the British pound by a ratio of 2.28:1, down from the previous week of 2.63:1 and the ratio two weeks ago of 2.72:1.

Euro:

For the week, the March euro lost 1.23 cents. The COT report revealed that leverage funds added 969 to their long positions and liquidated 19,723 of their short positions. As of the latest report, leverage funds are short the euro by a ratio of 1.71:1, down from the previous week of 2.10:1 and a substantial reduction from the ratio two weeks ago of 2.66:1.

Short sellers have been reducing their short positions in the euro for the past several weeks.

Yen:

For the week, the March yen advanced 53 pips. The COT report revealed that leverage funds added 6,915 to their long positions and liquidated 2,949 of their short positions. As of the latest report, leverage funds are long the yen by a ratio of 1.28:1, up from the previous week of 1.10:1 and exactly the same as the ratio two weeks ago of 1.28:1.

Leverage funds continue with their cautious long stance, which is understandable considering the present volatile conditions.

Dollar index:

For the week, the March dollar index advanced 62 points. The COT report revealed that leverage funds liquidated 2,539 of their long positions and added 1,215 to their short positions. As of the latest report, leverage funds are long the dollar index by a ratio of 1.92:1, down from the previous week of 2.34:1 and the ratio two weeks ago of 2.03:1.

S&P 500 E-mini: On February 18, the March S&P 500 E-Mini generated  a short term buy signal, but remains on an intermediate term sell signal.

The S&P 400, Dow Jones Industrial Average and the New York Composite Index also generated short-term buy signals on February 18 and remain on intermediate term sell signals. The NASDAQ 100 and Russell 2000 indices remain on short and intermediate term sell signals.

S&P 500 (250 x):

For the week, the March S&P 500 futures contract advanced 56.20 points. The COT report revealed that leverage funds liquidated 578 of their long positions and added 1,460 to their short positions. As of the latest report, leverage funds are long the S&P 500 futures contract by a ratio of 1.18:1, down from the previous week of 1.49:1 but is a complete reversal from two weeks ago when leverage funds were short by ratio of 1.08:1.

10 Year Treasury Note:

For the week, the March 10 year treasury note lost 5 points. The COT report revealed that leverage funds liquidated 1,332 of their long positions and added 36,758 to their short positions. As of the latest report, leverage funds are short the 10 year note by a ratio of 1.77:1, up from the previous week of 1.69:1 and the ratio two weeks ago of 1.64:1.