For Bloomberg access:{OIAR<GO>}

The time frame for the current Commitments of Traders report is from Wednesday January 6 through Tuesday January 12.

Soybeans:

For the week, March soybeans advanced 13.75 cents, May +10.75, July +9.00. The COT report revealed that managed money added 11,560 contracts to their long positions in liquidated 13,013 of their short positions. Commercial interests liquidated 5,118 of their long positions and added 21,240 to their short positions. As of the latest report, managed money is short soybeans by a ratio of 1.67:1, down sharply from the previous week of 2.26:1 and the ratio two weeks ago of 2.06:1.

Soybean meal:

For the week, March soybean meal advanced $2.00, May +2.40, July +2.70. The COT report revealed that managed money added 299 to their long positions and liquidated 966 of their short positions. Commercial interests liquidated 3,553 of their long positions and added 186 to their short positions. As of the latest report, managed money is short soybean meal by a ratio of 1.96:1, down slightly from the previous week of 2.00:1, but up from the ratio two weeks ago of 1.85:1.

Soybean oil: On January 11, March soybean oil generated short and intermediate term sell signals.

For the week, March soybean oil gained 1 point, May -2, July -4. The COT report revealed that managed money liquidated 4,908 of their long positions and added 9,907 to their short positions. Commercial interests added 11,563 to their long positions and liquidated 9,142 of their short positions. As of the latest report, managed money is long soybean oil by a ratio of 1.89:1, down sharply from the previous week of 2.75:1 and less than half the ratio two weeks ago of 4.16:1.

Corn:

For the week, March corn gained 6.25 cents, May +4.75, July +3.75. The COT report revealed that managed money liquidated 2,947 of their long positions and added 23,641 contracts to their short positions. Commercial interests added 12,487 to their long positions and liquidated 19,002 of their short positions. As of the latest report, managed money is short corn by a ratio of 2.29:1, up from the previous week of 2.10:1 and the ratio two weeks ago of 1.92:1.

Chicago wheat:

For the week, March Chicago wheat lost 4.75 cents, May -5.25, July -5.75. The COT report revealed that managed money added 10,977 to their long positions and liquidated 13,514 of their short positions. Commercial interests liquidated 17,867 of their long positions and added 552 to their short positions. As of the latest report, managed money is short Chicago wheat by a ratio of 2.24:1, down sharply from the previous week of 3.03:1 and the ratio two weeks ago of 2.68:1.

Kansas City wheat:

For the week, March Kansas City wheat advanced 1.25 cents, May +1.50, July +1.25. The COT report revealed that managed money liquidated 1,151 of their long positions and also liquidated 3,823 of their short positions. Commercial interests liquidated 2,552 of their long positions and added 2,195 to their short positions. As of the latest report, managed money is short Kansas City wheat by a ratio of 1.49:1, down from the previous week of 1.55:1, and fractionally higher than the ratio two weeks ago of 1.47:1.

Cotton:

For the week, March cotton gained 1 point, May -16, July -38. The COT report revealed that managed money liquidated 10,100 of their long positions and added 11,660 to their short positions. Commercial interests added 7,715 to their long positions and liquidated 20,487 of their short positions. As of the latest report, managed money is long cotton by a ratio of 1.81:1, down sharply from the previous week of 4.26:1 and dramatically lower than the ratio two weeks ago of 6.63:1.

Sugar #11: On January 12, March sugar generated an intermediate term sell signal after generating a short-term sell signal on January 6.

For the week, March sugar gained 46 points, May + 30, July +23. The COT report revealed that managed money liquidated 20,169 of their long positions and added 6,699 to their short positions. Commercial interests added 19,157 to their long positions and liquidated 15,877 of their short positions. As of the latest report, managed money is long sugar by a ratio of 3.29:1, down sharply from the previous week of 4.29:1 and the ratio two weeks ago of 5.31:1.

Coffee:

For the week, March coffee lost 4.10 cents, May -4.05, July -3.90. The COT report revealed that managed money liquidated 264 their long positions and added 14,035 to their short positions. Commercial interests added 10,637 to their long positions and liquidated 1,471 of their short positions. As of the latest report, managed money is short coffee by a ratio of 1.96:1, up sharply from the previous week of 1.35:1 and the ratio two weeks ago of 1.67:1.

During the past week, March, May and July coffee recorded new contract lows of 1.1350, 1.1580, and 1.1785 respectively.

Cocoa:

For the week, March cocoa lost $112.00, May -108.00, July -102.00. The COT report revealed that managed money liquidated 5,716 of their long positions and added 9,420 to their short positions. Commercial interests added 3,049 to their long positions and liquidated 12,812 of their short positions. As of the latest report, managed money is long cocoa by a ratio of 2.06:1, down sharply from the previous week of 3.57:1 and the ratio two weeks ago 3.45:1.

Live cattle: On January 15, February live cattle generated a short-term sell signal, which reversed the December 23 short-term buy signal. February cattle remains on an intermediate term sell signal.

For the week, February live cattle lost 5.32 cents, April -5.32, June -4.52. The COT report revealed that managed money added 2,194 to their long positions and liquidated 1,076 of their short positions. Commercial interests added 47 contracts to their long positions and also added 5,938 to their short positions. As of the latest report, managed money is long live cattle by a ratio of 1.80:1, up from the previous week of 1.66:1 and a substantial increase from the ratio two weeks ago of 1.38:1.

Lean hogs:

For the week, February lean hogs advanced 2.17 cents, April +2.23, June + 1.30. The COT report revealed that managed money liquidated 2,855 of their long positions and also liquidated 6,162 of their short positions. Commercial interests liquidated 9,093 of their long positions and added 2,813 to their short positions. As of the latest report, managed money is long lean hogs by ratio of 2.01:1, up from the previous week of 1.65:1 and a substantial increase from the ratio two weeks ago of 1.36:1.

WTI crude oil:

For the week, February WTI crude oil lost $3.74, March -3.93, April -4.10. The COT report revealed that managed money added 17,865 to their long positions and also added 30,929 contracts to their short positions. Commercial interests added 8,420 to their long positions and also added 20,656 to their short positions. As of the latest report, managed money is long WTI crude oil by a ratio of 1.17:1, down from the previous week of 1.27:1 and the ratio two weeks ago of 1.45:1.

During the past week, February, March and April WTI crude oil recorded new contract lows of $29.13, 30.06, and 31.06 respectively. The February contract reached its lowest price since November 2003 when the December contract printed $28.47.

OIA thinks that WTI will not bottom until managed money assumes a net short position. As remarkable as it is, they still remain substantially net long futures (does not include options on futures).

Heating oil:

For the week, February heating oil lost 11.78 cents, March -12.51, April -12.78. The COT report revealed that managed money added 2,785 to their long positions and liquidated 5,816 of their short positions. Commercial interests liquidated 5,529 of their long positions and added 2,465 to their short positions. As of the latest report, managed money is short heating oil by a ratio of 1.80:1, down sharply from the previous week of 2.23:1 and the ratio two weeks ago of 2.48:1.

During the past week, February, March and April heating oil recorded new contract lows of 93.28, 94.73 and 96.23 respectively. The February contract reached its lowest price since May 2004 when the June 2004 contract made a low of 93.70.

Gasoline:

For the week, February gasoline lost 10.65 cents, March -11.15, April -11.84. The COT report revealed that managed money liquidated 6,157 of their long positions and added 3,926 to their short positions. Commercial interests added 12,511 to their long positions and also added 3,525 to their short positions. As of the latest report, managed money is long gasoline by a ratio of 1.41:1, down from the previous week of 1.72:1 and the ratio two weeks ago of 1.76:1.

During the past week, February, March and April gasoline recorded new contract lows of 1.0154, 1.0402, and 1.2563 respectively. The February contract reached its lowest price since January 2009 when the February contract printed 96.69.

Natural gas: On January 15, February and March natural gas generated short-term sell signals, which reversed the December 29 short-term I signals. Both contracts remain on intermediate term sell signals.

For the week, February natural gas lost 37.2 cents, March -34.4, April -30.8. The COT report revealed that managed money liquidated 1,992 of their long positions and also liquidated 15,272 of their short positions. Commercial interests liquidated 9,338 of their long positions and also liquidated 8,098 of their short positions. As of the latest report, managed money is short natural gas by ratio of 1.70:1, down from the previous week of 1.77:1 and the ratio two weeks ago of 1.92:1.

Copper:

For the week, March copper lost 7.85 cents. The COT report revealed that managed money added 2,280 to their long positions and also added 5,245 to their short positions. Commercial interests added 6,302 to their long positions and liquidated 2,165 of their short positions. As of the latest report, managed money is short copper by a ratio of 2.09:1, up slightly from the previous week of 2.07:1 and the ratio two weeks ago of 1.92:1.

During the past week, March copper recorded a new contract low of $1.9365. The March contract reached its lowest price since April 2009 when the May 2009 contract made a low of 1.7960.

Palladium:

For the week, March palladium lost $6.55. The COT report revealed that managed money liquidated 178 of their long positions and added 1,718 to their short positions. Commercial interests added 99 to their long positions and liquidated 1,382 of their short positions. As of the latest report, managed money is long palladium by a ratio of 1.86:1, down sharply from the previous week of 2.51:1 and the ratio two weeks ago of 2.83:1.

During the past week, March palladium recorded a new contract low of $451.50. The March contract reached its lowest price since July 2010 when the September contract made a low of $424.00.

Platinum:

For the week, April platinum lost $51.20. The COT report revealed that managed money added 479 contracts to their long positions and also added 1,662 to their short positions. Commercial interests added 308 to their long positions and liquidated 991 of their short positions. As of the latest report, managed money is long platinum by a ratio of 1.52:1, down slightly from the previous week of 1.55:1 and up slightly from the ratio two weeks ago of 1.51:1.

During the past week, April platinum recorded a new contract low of $823.10. The April contract reached its lowest price since December 2008 when the January 2009 platinum contract made a low of $783.00

Gold:

For the week, February gold lost $7.20. The COT report revealed that managed money added 3,176 to their long positions and liquidated 12,843 of their short positions. Commercial interests added 361 to their long positions and also added 7,324 to their short positions. As of the latest report, managed money is long gold by a ratio of 1.001:1, which is a complete reversal from the previous week when they were short by ratio of 1.20:1. Two weeks ago, managed money was short gold by a ratio of 1.36:1.

Silver:

For the week, March silver lost 2.2 cents. The COT report revealed that managed money added 1,333 to their long positions and also added 675 contracts to their short positions. Commercial interests liquidated 1,961 of their long positions and also liquidated 984 of their short positions. As of the latest report, managed money is long silver by a ratio of 1.20:1, almost unchanged from the previous week of 1.19:1 and the ratio two weeks ago of 1.17:1.

Canadian dollar:

For the week, the Canadian dollar lost 1.96 cents. The COT report revealed that leverage funds liquidated 1,100 contracts of their long positions and added 1,175 to their short positions. As of the latest report, leverage funds are short the Canadian dollar by a ratio of 4.54:1, up from the previous week of 4.13:1 and a substantial increase from the ratio two weeks ago of 2.78:1.

During the past week, the March Canadian dollar recorded a new contract low of  68.71. This is the lowest print since April 2003 when the June 2003 contract made a low of 66.66.

Australian dollar:

For the week, the March Australian dollar lost 1.21 cents. The COT report revealed that leverage funds added 3,749 to their long positions and also added 11,243 to their short positions. As of the latest report, leverage funds are short the Australian dollar by a ratio of 1.62:1, up from the previous week of 1.32:1 and about the same as the ratio two weeks ago of 1.63:1.

During the past week, the March Australian dollar recorded a new contract low of 68.09. The March contract reached its lowest price since April 2009 when the June 2009 contract made a low of 68.22.

Swiss franc:

For the week, the March Swiss franc lost 69 pips. The COT report revealed that leverage funds liquidated 2,012 of their long positions and also liquidated 2,127 of their short positions. As of the latest report, leverage funds are short the Swiss franc by a ratio of 1.40:1, up from the previous week of 1.36:1 and the ratio two weeks ago of 1.34:1.

British pound:

For the week, the March British pound lost 2.55 cents. The COT report revealed that leverage funds liquidated 5,842 of their long positions and added 7,927 to their short positions. As of the latest report, leverage funds are short the British pound by a ratio of 1.96:1, up sharply from the previous week of 1.58:1 and the ratio two weeks ago of 1.34:1.

During the past week, the March British pound recorded a new contract low of 1.4252. The March contract reached its lowest price since May 2010 when the June 2010 contract made a low of 1.4227.

Euro:

For the week, the March euro gained 4 pips. The COT report revealed that leverage funds liquidated 1,545 of their long positions and also liquidated 15,644 of their short positions. As of the latest report, leverage funds are short the euro by a ratio of 3.97:1, down from the previous week of 4.22:1 and a substantial reduction from the ratio two weeks ago of 4.75:1.

Yen:

For the week, the March yen gained 44 pips. The COT report revealed that leverage funds added 16,061 to their long positions and liquidated 8,683 of their short positions. As of the latest report, leverage funds are long the yen by ratio of 1.01:1, which is a complete reversal from the previous week when they were short by a ratio of 1.48:1. Two weeks ago, leverage funds were short the yen by a ratio 2.45:1.

On December 21, OIA announced the March yen generated a short term buy and an intermediate term buy signal on December 29. Three weeks after the generation of OIA’s short term buy signal, leveraged funds became net long yen futures.

Dollar index:

For the week, the March dollar index advanced 43 points. The COT report revealed that leverage funds added 3,184 to their long positions and liquidated 3,049 of their short positions. As of the latest report, leverage funds are long the dollar index by a ratio of 2.33:1, up sharply from the previous week of 1.45:1 and the ratio two weeks ago of 1.30:1.

S&P 500 (250 x):

For the week, the March S&P 500 futures contract lost 36.50 points. The COT report revealed that leverage funds added 480 contracts to their long positions and also added 2,252 to their short positions. As of the latest report, leverage funds are short the S&P 500 futures contract by a ratio of 1.24:1, which is a complete reversal from the previous week when they were long by a ratio of 1.11:1. Two weeks ago, leverage funds were short the S&P 500 futures contract by a ratio of 1.99:1.

10 Year Treasury Note: On January 14, the March 10 year treasury note generated an intermediate term buy signal after generating a short-term buy signal on January 6.

For the week, the March 10 year treasury note gained 1-014 points. The COT report revealed that leverage funds added 24,285 contracts to their long positions and also added 27,323 to their short positions. As of the latest report, leverage funds are short the 10 year note by a ratio of 1.67:1, down from the previous week of 1.71:1, but up from the ratio two weeks ago of 1.55:1.