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The time frame for the current Commitments of Traders report is from Wednesday, January 7 through Tuesday, January 13.
Soybeans:
For the week, March soybeans lost 6.50 cents, May -60.00, July -59.00. The COT report revealed that managed money liquidated 9,407 contracts of their long positions and added 13,050 to their short positions. Commercial interests added 16, 451 contracts to their long positions and liquidated 8,116 contracts of their short positions. As of the latest report, managed money is long soybeans by ratio of 1.43:1, which is down substantially from the previous week of 1.87:1 and the ratio of 2 weeks ago of 1.80:1.
The current ratio of 1.43:1 is the lowest since the COT tabulation date of December 2, 2014 when managed money was long soybeans by ratio of 1.45:1.
Soybean meal: On January 16, March soybean meal generated an intermediate term sell signal after generating a short-term sell signal on January 2.
For the week, March soybean meal lost $22.90, May -23.60, July -21.70.The COT Report revealed that managed money liquidated 10,541 contracts of their long positions and added 2,797 to their short positions. Commercial interests added 9,426 contracts to their long positions and liquidated 8,114 of their short positions. As of the latest report, managed money is long soybean meal by ratio of 2.16:1, which is down sharply from the previous week of 2.71:1 and the ratio of 2 weeks ago of 3.05:1.
The current ratio of 2.16:1 is the lowest since the COT report of October 14, 2014 when managed money was long soybean meal by ratio of 2.10:1.
Soybean oil:
For the week, March soybean oil lost 29 points, May -31, July -33. The COT report revealed that managed money added 4,253 contracts to their long positions and liquidated 7,006 of their short positions. Commercial interests added 1,463 contracts to their long positions and also added 12,609 contracts to their short positions. As of the latest report, managed money is long soybean oil by a stratospheric 2.44:1, which is up substantially from the previous week of 1.93:1 and the ratio of 2 weeks ago of 1.80:1.
The current ratio of 2.44:1 is the highest we could find going back into calendar year 2014 when managed money was long soybean oil by ratio of 2.00:1 per the April 29, 2014 COT report.The reason for the massive ratio may be due to index fund buying because the fundamentals don’t merit the massive long position.
Corn: On January 14, March corn generated a short-term sell signal, but remains on an intermediate term buy signal.
For the week, March corn lost 13.25 cents, May -14.00, July -13.50. The COT report revealed that managed money liquidated 12,961 contracts of their long positions and added 13,358 to their short positions. Commercial interests added 24,435 contracts to their long positions and liquidated 24,595 of their short positions. As of the latest report, managed money is long corn by ratio of 3.15:1, which is down dramatically from the previous week of 3.87:1 and the ratio of 2 weeks ago of 4.50:1. Three weeks ago, managed money was long by ratio of 4.75:1.
The current ratio of 3.15:1, is the lowest since the COT Report of December 2, 2014 when managed money was long by ratio of 2.75:1.
Chicago wheat: On January 14, March Chicago wheat generated an intermediate term sell signal after generating a short-term sell signal on January 2.
March Chicago wheat lost 31.00 cents, May -33.00, July -34.25. The COT report revealed that managed money liquidated 10,121 contracts of their long positions and also liquidated 3,242 of their short positions. Commercial interests added 745 contracts to their long positions and liquidated 9,136 contracts of their short positions. As of the latest report, managed money is long Chicago wheat by ratio of 1.15:1, which is down from the previous week of 1.23:1 and the ratio of 2 weeks ago of 1.33:1.
Kansas City wheat: On January 14, March Kansas City wheat generated an intermediate term sell signal after generating a short-term sell signal on January 2.
For the week, March Kansas City wheat lost 23.50 cents, May -25.75, July -26.50. The COT report revealed that managed money liquidated 1,674 contracts of their long positions and added 374 to their short positions. Commercial interests added 4,356 contracts to their long positions and liquidated 1,518 of their short positions. As of the latest report, managed money is long Kansas City wheat by ratio of 2.45:1, which is down from the previous week of 2.63:1 and the ratio of 2 weeks ago of 3.12:1.
Thus far in the 1st quarter, March soybean oil is the out performer with a gain of 3.89%, March corn -2.52%, March soybeans -3.10%, March soybean meal -6.16%, March Kansas City wheat -7.90%, March Chicago wheat -9.67%.
Cotton: On January 16, March cotton generated a short-term sell signal and remains on an intermediate term sell signal.
For the week, March cotton lost 1.53 cents, May -1.33, July -1.38. The COT report revealed that managed money added 1,625 contracts to their long positions and also added 2,850 to their short positions. Commercial interests added 437 contracts to their long positions and liquidated 1,483 of their short positions. As of the latest report, managed money is long cotton by ratio of 1.15:1, which is down slightly from the previous week of 1.20:1 and down from the ratio of 2 weeks ago of 1.41:1.
During the past week, March 2015, May 2015, July 2015 cotton made a new contract lows of 58.66, 59.51, and 60.51 respectively.
Sugar #11:
For the week, March sugar advanced 42 points, May +37, July +34. The COT report revealed that managed money liquidated 2,869 contracts of their long positions and also liquidated 15,896 of their short positions. Commercial interests liquidated 902 contracts of their long positions and added 14,339 to their short positions. As of the latest report, managed money is short sugar by ratio of 1.31:1, which is down from the previous week of 1.39:1 and the ratio of 2 weeks ago of 1.39:1.
Coffee:
For the week, March coffee lost 9.05 cents, May -9.05, July -9.05. The COT report revealed that managed money added 90 contracts to their long positions and liquidated 2,881 contracts of their short positions. Commercial interests added 4,777 contracts to their long positions and also added 1,757 to their short positions. As of the latest report, managed money is long coffee by ratio of 3.52:1, which is up from the previous week of 2.78:1 and the ratio of 2 weeks ago of 2.90:1.
Note the increase in this week’s ratio was due primarily to the liquidation of short positions, rather than the addition to long positions.
Cocoa:
For the week, March cocoa lost $26.00, May -11.0, July -8.00. The COT report revealed that managed money added 5,036 contracts to their long positions and also added 1,946 to their short positions. Commercial interests liquidated 1,286 contracts of their long positions and added 5,170 to their short positions. As of the latest report, managed money is long cocoa by ratio of 4.31:1, which is down from the previous week of 4.54:1, but up from the ratio of 2 weeks ago of 3.87:1.
Thus far in the 1st quarter, March sugar is the out performer with a gain of 5.58%, March coffee +2.64%, March cocoa +1.10%, March cotton -1.73%,
Live cattle:
For the week, February live cattle lost 6.15 cents, April -6.47, June -4.18. The COT report revealed that managed money liquidated 4,389 contracts of their long positions and also liquidated 4,555 of their short positions. Commercial interests liquidated 237 contracts of their long positions and also liquidated 3,135 their short positions. As of the latest report, managed money is long by a stratospheric ratio of 15.47:1, which is a large jump from the previous week of 8.98:1 and the ratio of 2 weeks ago of 11.40:1.
Note the dramatic increase in this week’s ratio was due to the massive liquidation of short positions, which represented a large percentage of outstanding short positions held by managed money.
Lean hogs:
For the week, February lean hogs lost 4.52 cents, April -2.38, June -1.93. The COT report revealed that managed money liquidated 2,728 contracts of their long positions and also liquidated 479 of their short positions. Commercial interests added 974 contracts to their long positions and liquidated 4,655 of their short positions. As of the latest report, managed money is long lean hogs by ratio of 2.21:1, which is down from the previous week of 2.27:1 and the ratio of 2 weeks ago of 2.41:1.
Thus far in the 1st quarter, April lean hogs is the out performer with a loss of 6.30%, February live cattle -6.41%, April live cattle -6.57%, February lean hogs -8.05%.
WTI crude oil:
The week, February WTI crude oil advanced 33 cents, March +14, April +11. The COT report revealed that managed money added 35,697 contracts to their long positions and also added 19,153 to their short positions. Commercial interests added 24,134 contracts to their long positions and also added 44,137 to their short positions. As of the latest report, managed money is long WTI crude oil by ratio of 3.03:1, which is down from the previous week of 3.30:1 and the ratio of 2 weeks ago of 4.00:1.
During the past week, February, March, and April 2015 WTI crude oil made new contract lows of 44.20, 44.78 and 45.54 respectively.
Heating oil:
For the week, there were heating oil lost 3.74 cents, March -3.23, April -3.93. The COT report revealed that managed money added 4,230 contracts to their long positions and also added 8,767 to their short positions. Commercial interests liquidated 4,791 contracts of their long positions and also liquidated 5,328 of their short positions. As of the latest report, managed money is short heating oil by ratio 1.59:1, which is down from the previous week of 1.66:1 and the ratio of 2 weeks ago of 1.86:1.
During the past week, February, March and April 2015 heating oil made new contract lows of 1.5890, 1.5623, and 1.5480 respectively
Gasoline:
For the week, February gasoline advanced 3.56 cents, March +2.76, April + 79 points. The COT report revealed that managed money added 4,385 contracts of their long positions and also added 10,418 to their short positions. Commercial interests added 17,736 contracts to their long positions and also added 16,137 to their short positions. As of the latest report, managed money is long gasoline by ratio of 2.14:1, which is down from the previous week of 2.87:1 and the ratio of 2 weeks ago of 3.21:1.
During the past week, February, March and April 2015 gasoline made new contract lows of 1.2265, 1.2605, and 1.1369 respectively.
Natural gas:
For the week, February natural gas advanced 18.1 cents, March +14.0, April +8.5. The COT report revealed that managed money added 2,435 contracts to their long positions and also added 3,815 to their short positions. Commercial interests added 4,435 contracts to their long positions and also added 3,464 to their short positions. As of the latest report, managed money is short natural gas by ratio of 1.19:1, which is the same as the previous week of 1.19:1, but down from the ratio of 2 weeks ago of 1.24:1.
Thus far in the 1st quarter, February natural gas is the out performer with a gain of 4.51%, February gasoline -7.75%, February heating oil -9.46%, March WTI crude oil -10.4%, March Brent crude oil -14.57%.And
Copper:
For the week, March copper lost 13.75 cents. The COT report revealed that managed money added 4,243 contracts to their long positions and also added 3,242 to their short positions. Commercial interests liquidated 4,004 of their long positions and added 2,568 to their short positions. As of the latest report, managed money short copper by ratio of 1.26:1, which is down from the previous week of 1.32:1, but up from the ratio of 2 weeks ago of 1.13:1.
During the past week, March copper made a new contract low of 2.4860.
Palladium:
For the week, March palladium lost $45.85. The COT report revealed that managed money liquidated 79 contracts of their long positions and added 418 to their short positions. Commercial interests added 50 contracts of their long positions and also added 74 of their short positions. As of the latest report, managed money is long palladium by ratio of 11.76:1, which is down from the previous week of 15.47:1 and the ratio of 2 weeks ago of 12.99:1.
Platinum: On January 12, April platinum generated a short-term buy signal and an intermediate term buy signal on January 16.
For the week, April platinum advanced $39.30. The COT report revealed that managed money added 1,263 contracts to their long positions and liquidated 913 of their short positions. Commercial interests added 32 contracts to their long positions and also added 1,034 to their short positions. As of the latest report, managed money is long platinum by ratio of 2.34:1, which is up from the previous week of 2.11:1 and up slightly from the ratio of 2 weeks ago of 2.30:1.
Gold: On January 13, February gold generated an intermediate term buy signal after generating a short-term buy signal on December 11.
For the week, February gold advanced $60.80. The COT report revealed that managed money added 3,848 contracts to their long positions and liquidated 3,897 of their short positions. Commercial interests added 1,930 contracts to their long positions and also added 7,294 to their short positions. As of the latest report, managed money is long gold by ratio of 4.37:1, which is an advance from the ratio of the previous week of 3.76:1 and substantially above the ratio of 2 weeks ago of 3.30:1.
The current ratio of 4.37:1 is the highest since the COT report of August 19, 2014 when managed money was long gold by ratio of 5.10:1.
Silver: On January 13, March silver generated a short-term buy signal, but remains on an intermediate term sell signal.
For the week, March silver advanced $1.331. The COT report revealed that managed money added 2,,773 contracts to their long positions and liquidated 3,523 of their short positions. Commercial interests liquidated 301 contracts of their long positions and added 2,311 to their short positions. As of the latest report, managed money is long silver by ratio 2.74:1, which is up from the previous week of 2.11:1 and the ratio of 2 weeks ago of 1.92:1.
Thus far in the 1st quarter, March silver is the out performer with a gain of 13.31%, February gold +8 13%, April platinum +5.04%, March palladium -5.16%, March copper -7.11%.
Canadian dollar:
For the week, the March Canadian dollar lost 72 pips. The COT report revealed that leveraged funds liquidated 3,677 contracts of their long positions and also liquidated 396 of their short positions. As of the latest report, leveraged funds are short the Canadian dollar by ratio of 2.72:1, which is up from the previous week of 2.23:1 and the ratio of 2 weeks ago of 2.19:1.
Australian dollar:
For the week, the March Australian dollar gained 35 pips. The COT report revealed that leveraged funds liquidated 2,882 contracts of their long positions and also liquidated 4,108 of their short positions. As of the latest report, leveraged funds are short the Australian dollar by ratio of 3.26:1, which is up from the previous week of 2.97:1 and up dramatically from the ratio of 2 weeks ago of 1.97:1.
Swiss franc:
For the week, the March Swiss franc advanced 18.29 cents. The COT report revealed that leveraged funds liquidated 1,184 contracts of their long positions and added 1,262 to their short positions. As of the latest report, leveraged funds were short by ratio of 4.60:1, which is up substantially from the previous week of 3.73:1 and the ratio of 2 weeks ago of 2.18:1. Three weeks ago, leveraged funds were short the Swiss franc by ratio of 2.06:1.
The announcement by the Swiss National Bank caught Swiss franc futures traders with the heaviest net short position held during the recent slide.The March Swiss franc made a new contract high of 1.2282.
British pound:
For the week, the March British pound advanced 3 pips. The COT report revealed that leveraged funds added 3,209 contracts to their long positions and also added 17,693 to their short positions. As of the latest report, leveraged funds are short the British pound by ratio of 1.33:1, which is a large jump from the previous week when leveraged funds were short by ratio of 1.02:1 and the ratio of 2 weeks ago of 1.15:1.
Euro:
For the week, the March euro lost 2.58 cents. The COT report revealed that leveraged funds added 4,159 contracts to their long positions and also added 5,497 to their short positions. As of the latest report, leveraged funds are short the euro by ratio 5.43:1, which is down from the previous week of 6.07:1 and the ratio of 2 weeks ago of 6.40:1.
Yen: On January 14, the March yen generated a short-term buy signal, but remains on an intermediate term sell signal.
For the week, the March yen advanced 78 pips. The COT report revealed that leveraged funds liquidated 7,001 contracts of their long positions and added 1,241 to their short positions. As of the latest report, leveraged funds are short the yen by ratio of 8.17:1, which is a huge jump from the previous week of 5.17:1 and the ratio of 2 weeks ago of 5.86:1.
The current ratio 8.17:1 is the highest since the bear market in the end began in earnest during the week of August 18, 2014.
Dollar index:
For the week, the March dollar index advanced 75 points.The COT report revealed that leveraged funds added 1,581 contracts to their long positions and liquidated 8,274 of their short positions. As of the latest report, managed money is long the dollar index by ratio of 1.26:1, which is a complete reversal from the previous week when leveraged funds were short by ratio of 1.02:1. Two weeks ago, leveraged funds were short by ratio of 1.47:1.
Thus far in the 1st quarter, the March Swiss franc is the out performer with a gain of 16.14%, March dollar index +2.64%, March yen +1.89%, March Australian dollar +0.92%, March British pound – 2.63%, March Canadian dollar -2.90%, March euro -4.27%.
S&P 500 (250 x):
For the week, the March S&P 500 futures contract lost 22.40 points. The COT report revealed that leveraged funds added 804 contracts to their long positions and also added 376 to their short positions. As of the latest report, leveraged funds are short the S&P 500 futures contract by ratio of 1.24:1, which is down from the previous week of 1.31:1 and a complete reversal from 2 weeks ago when leveraged funds were long the S&P 500 futures contract by ratio of 1.31:1.
Thus far in the 1st quarter, the S&P 400 cash index is the out performer with a loss of 1.48%, New York Composite cash index -1.65%, Dow Jones Industrial Average cash index -1.75%, S&P 500 cash index -1.92%, NASDAQ 100 cash index -2.22%, Russell 2000 cash index -2.33%.
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