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The time frame for the current Commitments of Traders report is from Wednesday, June 24 through Tuesday, June 30.

The weekend report is being released on Monday due to the Fourth of July holiday and the COT report release on July 6.

Soybeans:

For the week, July soybeans advanced 43.25 cents, August +40.50, new crop November +44.25.The COT report revealed that managed money added 19,879 contracts to their long positions and liquidated 31,226 contracts of their short positions. Commercial interests liquidated 14,839 contracts of their long positions and added 51,785 to their short positions. As of the latest report, managed money is long soybeans by a ratio of 2.03:1,which is almost double from the previous week when they were long by 1.06:1 and is a complete reversal from two weeks ago when managed money was short soybeans by a ratio of 1.72:1.

Soybean meal:

For the week, July soybean meal advanced $16.10, August +15.30, new crop December +17.50. The COT report revealed that managed money added 11,135 contracts to their long positions and liquidated 1,608 of their short positions. Commercial interests liquidated 8,666 of their long positions and added 6,762 to their short positions. As of the latest report, managed money is long soybean meal by ratio of 1.87:1, which is an increase from the previous week of 1.57:1 and the ratio of two weeks ago of a 1.20:1.

Note that managed money is now long soybeans by a higher ratio than soybean meal even though soybean meal is by far the out performer. See performance stats at the end of grains summary.

Soybean oil:

For the week, July soybean oil advanced 14 points, August +17, new crop December + 27.The COT report revealed that managed money added 3,689 contracts to their long positions and liquidated 6,707 of their short positions. Commercial interests liquidated 9,662 of their long positions and also liquidated 808 of their short positions. As of the latest report, managed money is long soybean oil by a ratio of 1.77:1, which is an increase from the previous week of 1.44:1, but down from the ratio of two weeks ago of 2.01:1.

Managed money is nearly as long in soybean oil as in soybean meal and soybeans even though soybean oil is the dramatic under performer from June 1 through July 2.

Corn:

For the week, July corn advanced 34.75 cents, September +36.00, new crop December +35.25. The COT report revealed that managed money added the 44,411 contracts to their long positions and liquidated a massive 118,887 contracts of their short positions. Commercial interests liquidated 60,168 of their long positions and added 62,114 contracts to their short positions. As of the latest report, managed money is now long corn by a ratio of 1.19:1, which is a complete reversal from the previous week when they were short by 1.58:1 and the ratio two weeks ago of 1.69:1.

Despite the massive shift from net short to net long, the fact is as of June 30 managed money still held 216,415 contracts of short positions versus 256,745 of long positions. Since the tabulation of the report on June 30-from July 1 through July 2 total open interest has increased by 10,402 contracts, which means there are huge numbers of short-sellers that have yet to cover their positions. This is positive for prices going forward.

Chicago wheat:

For the week, July Chicago wheat advanced 23.50 cents, September +22.50, new crop December +23.75. The COT report revealed that managed money added 27,447 contracts to their long positions and liquidated 39,693 of their short positions. Commercial interests liquidated 22,501 of their long positions and added 22,081 to their short positions. As of the latest report, managed money is now long Chicago wheat by a ratio of 1.21:1, which is a complete reversal from the previous week when there were short by 1.90:1 and the ratio of two weeks of 1.75:1.

Similar to corn, as of the tabulation of the current report on June 30, managed money holds short positions totaling 71,072 contracts versus long positions of 85,728, which means this added buying power will be supportive of prices in the immediate future. From July 1 through July 2, total open interest increased by 408 contracts, which means there are large numbers of short sellers who have yet to cover their positions and are undoubtedly substantial showing losses.

Kansas City wheat:

For the week, July Kansas City wheat advanced 16.75 cents, September +22.75, new crop December +22.75. The COT report revealed that managed money added 1,641 contracts to their long positions and liquidated 2,935 of their short positions. Commercial interests added 1,440 to their long positions and also added 15,818 to their short positions.As of the latest report, managed money is long Kansas City wheat by a ratio of 1.06:1, which is a complete reversal from the previous week when they were short by 1.07:1 and the ratio of two weeks ago of 1.03:1.

During the second quarter, September Chicago wheat was the out performer with a gain of 17.85%, August soybean meal +10.55%, August soybean oil +9.60%, September corn +7.65%, August soybeans +7.39%, September Kansas City wheat +6.50%.

From June 1 through July 2, September Chicago wheat was the out performer with a gain of 22.45%, September corn +19.94%, August soybean meal +16.91%, September Kansas City wheat +16.54%, August soybeans +12.95%, August soybean oil +0.09%.

Cotton: On June 29, December cotton generated a short-term buy signal and remains on intermediate-term buy signal.

For the week, December cotton lost 12 points, March 2016 +50, May 2015 +58. The COT report revealed that managed money added 15,781 contracts to their long positions and liquidated 7,139 of their short positions. Commercial interests liquidated 2,876 of their long positions and added 25,881 contracts to their short positions. As of the latest report, managed money is long cotton by a ratio of 3.37:1, which is a large jump from the previous week of 1.93:1 and the ratio of two weeks ago of 2.14:1.

Sugar #11:

For the week, October sugar gained 35 points, March 2016 +28, May +24. The COT report revealed that managed money liquidated 11,069 of their long positions and also liquidated 34,632 of their short positions. Commercial interests liquidated 14,277 contracts of their long positions and added 3,517 to their short positions. As of the latest report, managed money is short sugar by a ratio of 1.52:1, which is down from the previous week of 1.64:1 and the ratio two weeks ago of 1.56:1.

Coffee:

For the week, September coffee lost 6.10 cents, December -5.85, March 2016 -5.70. The COT report revealed that managed money liquidated 1,987 of their long positions and also liquidated 3,719 of their short positions. Commercial interests liquidated 6,648 of their long positions and also liquidated 3,614 of their short positions. As of the latest report, managed money a short coffee by a ratio of 1.39:1, which is down from the previous week of 1.42:1, but up from the ratio two weeks ago of 1.27:1.

Cocoa:

For the week, September cocoa lost $34.00, December -34.00, March 2016 -31.00. The COT report revealed that managed money added 114 contracts to their long positions and liquidated 3,260 of their short positions. Commercial interests added 715 contracts to their long positions and also added 3,314 to their short positions. As of the latest report, managed money is long cocoa by a ratio of 3.14:1, which is a large increase from the previous week of 2.76:1 and the ratio two weeks ago of 2.76:1.

Live cattle:

For the week, August live cattle gained 2.70 cents, October +3.12, December +2.50. The COT report revealed that managed money liquidated 8,018 contracts of their long positions and also liquidated 1,456 of their short positions. Commercial interests liquidated 4,875 of their long positions also liquidated 14,919 of their short positions. As of the latest report, managed money is long live cattle by a ratio of 6.11:1, which is a fractional gain from the previous week of 6.06:1, but down from the ratio two weeks ago of 6.77:1.

Lean hogs:

For the week, August lean hogs advanced 3.55 cents, October +2.95, December +2.58. The COT report revealed that managed money liquidated 778 contracts of their long positions and added 4,632 to their short positions. Commercial interests liquidated 189 of their long positions and also liquidated 2,851 of their short positions. As of the latest report, managed money is long lean hogs by ratio of 1.19:1, down from the previous week of 1.34:1 and the ratio of two weeks ago of 1.48:1.

WTI crude oil:

For the week, August WTI crude oil lost $2.70, September -2.66, October -2.63. The COT report revealed that managed money liquidated 10,251 contracts of their long positions and added 4,504 to their short positions.Commercial interests added 6,382 to their long positions and also added 7,110 to their short positions. As of the latest report, managed money is long WTI crude oil by a ratio of 4.36:1, which is down from the previous week of 4.85:1 and the ratio two weeks ago of 5.09:1.

Heating oil:

For the week, August heating oil lost 2.97 cents, September -2.76, October -2.93. The COT report revealed that managed money liquidated 2,385 of their long positions and added 947 to their short positions. Commercial interests liquidated 3,482 of their long positions and also liquidated 7,115 of their short positions. As of the latest report, managed money is short heating oil by a ratio of 1.16:1, which is an increase from the previous week of 1.04:1 and the ratio two weeks ago of 1.10:1.

Gasoline:

For the week, August gasoline advanced 1.39 cents, September +54 ticks, October -2.00 cents. The COT report revealed that managed money added 490 contracts to their long positions and also added 3,371 to their short positions. Commercial interests liquidated 17,501 contracts of their long positions and also liquidated 25,238 of their short positions. As of the latest report, managed money is long gasoline by a ratio of 1.36:1, which is down from the previous week of 1.45:1 and the ratio two weeks ago of 1.66:1.

Natural gas:

For the week, August natural gas advanced 5.2 cents, September +5.2, October +5.3. The COT report revealed that managed money liquidated 2,791 of their long positions and also liquidated 11,111 contracts of their short positions. Commercial interests added 2,401 to their long positions and also added 6,017 to their short positions. As of the latest report, managed money short natural gas by a ratio of 1.63:1, which is down slightly from the previous week 1.66:1, but up from the ratio two weeks ago of 1.51:1.

Copper:

For the week, September copper lost 45 ticks. The COT report revealed that managed money added 1,346 contracts to their long positions and also added 4,137 to their short positions. Commercial interests liquidated 9,637 of their long positions and also liquidated 6,843 of their short positions. As of the latest report, managed money is short copper by a ratio of 1.60:1, which is up from the previous week of 1.54:1 and is a substantial increase from the ratio two weeks ago of 1.19:1.

Palladium:

For the week, September palladium gained $15.55. The COT report revealed that managed money added 1,222 to their long positions and also added 1,843 contracts to their short positions. Commercial interests added 156 contracts to their long positions and also added 46 to their short positions. As of the latest report, managed money is long palladium by a ratio of 1.88:1, which is down from the previous week of 2.11:1 and is a substantial decrease from the ratio two weeks ago of 2.68:1.

Platinum:

For the week, October platinum gained $2.90. The COT report revealed that managed money liquidated 229 contracts of their long positions and also liquidated 2,464 of their short positions. Commercial interests added 109 contracts to their long positions and also added 1,232 to their short positions. As of the latest report, managed money is long platinum by a ratio of 1.34:1, which is an increase from the previous week of 1.23:1, and slightly below the ratio two weeks ago of 1.37:1.

Gold:

For the week, August gold lost $9.70. The COT report revealed that managed money liquidated 9,655 of their long positions and added 14,638 to their short positions. Commercial interests added 799 contracts to their long positions and liquidated 9,663 of their short positions. As of the latest report, managed money is long gold by a ratio of 1.16:1, which is down from the previous week of 1.47:1 and the ratio two weeks ago of 1.39:1.

Silver:

For the week, September silver lost 20.6 cents. The COT report revealed that managed money liquidated 1,982 of their long positions and added 1,472 to their short positions. Commercial interests added 3,757 contracts to their long positions and also added 711 contracts to their short positions. As of the latest report, managed money a short silver by ratio 1.24:1, which is an increase from the previous week of 1.16:1 and a complete reversal from two weeks ago when managed money was long silver by ratio of 1.02:1.

The CFTC has not corrected the COT stats from June 23 for the Swiss franc, British pound and the Dollar index. Once published by the CFTC we will include this in our reports.

Canadian dollar: On June 30, the September Canadian dollar generated a short and intermediate term sell signal.

For the week, the September Canadian dollar lost 1.54 cents.The COT report revealed that leverage funds added 4,974 to their long positions and also added 3,831 to their short positions. As of the latest report, leverage funds are short the Canadian dollar by a ratio of 2.26:1, which is down from the previous week of 3.06:1 and slightly above the ratio two weeks ago of 2.17:1.

Australian dollar:

For the week, the September Australian dollar lost 28 pips.The COT report revealed that leverage funds liquidated 1,090 of their long positions and also liquidated 1,244 of their short positions. As of the latest report, leverage funds are short the Australian dollar by a ratio of 2.50:1, which is up from the previous week of 2.41:1 and the ratio two weeks ago of 1.58:1.

Swiss franc:

For the week, the September Swiss franc lost 81 pips. The COT report revealed that leverage funds liquidated 550 contracts of their long positions and also liquidated 134 of their short positions. As of the June 30 report, leverage funds are long the Swiss Franc by a ratio of 3.12:1

British Pound:

For the week, the September British pound lost 1.31 cents. The June 30 COT report revealed that leverage funds added 6,562 contracts to their long positions and liquidated 8,478 of their short positions. As of the latest report, leverage funds are long the British pound by a ratio of 2.14:1

Euro:

For the week, the September euro lost 76 pips. The COT report revealed that leverage funds liquidated 4,860 of their long positions and also liquidated 1,574 of their short positions. As of the latest report, leverage funds are short the euro by a ratio of 2.16:1, which is an increase from the previous week of 1.97:1 and the ratio two weeks ago of 1.52:1.

Yen:

For the week, the September yen gained 48 pips. The COT report revealed that leverage funds added 4,192 to their long positions and liquidated 235 contracts of their short positions. As of the latest report, leverage funds are short the yen by a ratio of 5.70:1, which is down from the previous week of 7.00:1, but up substantially from the ratio two weeks ago of 3.01:1.

Dollar index:

For the week, the September dollar index gained 64 points. The COT report revealed that leverage funds liquidated 2,468 of their long positions and also liquidated 8,228 of their short positions. As of the June 30 report, leverage funds are short the dollar index by a ratio of 1.10:1

S&P 500 (250 x):

For the week, the September S&P 500 futures contract lost 26.90 points.The COT report revealed that leverage funds added 1,065 contracts to their long positions and also added 8,127 contracts to their short positions. As of the latest report, leverage funds are short the S&P 500 futures contract by a ratio of 2.91:1, which is a dramatic increase from the previous week of 1.13:1 and the ratio two weeks ago of 1.51:1.

S&P 500 E mini: The S&P 500 E mini generated a short term sell signal on June 29 and an intermediate term sell signal on June 30.

10 Year Treasury Note:

For the week, the September 10 year treasury note gained 27-6 points. The COT report revealed that leverage funds liquidated 26,356 contracts of their long positions and added 14,651 to their short positions. As of the latest report, leverage funds are short the 10 year note by a ratio of 1.71:1, which is an increase from the previous week of 1.51:1 and the ratio two weeks ago of 1.69:1.