Have soybean shorts reached a critical mass?

Open interest in soybean futures is at an all-time record and large commercial hedgers hold an enormous net short position. This we can sees in the Commitments of Traders Futures and Options combined report published on Friday by the Commodity Futures Traders Commission (CFTC). Commercial hold nearly 72,000 more shorts than long contracts. This is not too shy of their record of nearly 99,000 set during the 2004 bull run. (Commercials typically are counter-trend traders, and the higher prices go, the more they sell.

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New CoT pie charts added

Click the CoT Charts menu at the top of the page to view the new pie charts, which show the division of both long and short open interest between the 4 trader groups reported in the COT-Supplemental report. You will probably be surprised to see that the Commodity Index Trader is the new elephant in the ring–at least on the long side. I hope to add a new feature every week. Come back. Enjoy. 

Welcome

Welcome to CommitmentsOfTraders.org. I am starting this blog in conjunction with the release of the new COT-Supplemental report that the Commodity Futures Trading Commission has added to it regular Commitments of Traders In Commodity Futures reports release each Friday afternoon at. This will be a place to:

(1) view all Commitments reports.

(2) Collect and update chartable data (for all Commitments reports).

(3) View weekly COT price charts courtesy of Bullish Review (price data courtesy of CSI Data).

(4) Read drafts of my latest chapter in a book I am writing to be published by John Wiley & Sons later this year, working title: “The New Commitments of Traders Report,” which will actually be a comprehensive look at all Commitments reports.

(5) I hope to make weekly post highlighting a development in the most recent COT-Supplemental report.

Hope to see you weekly,

Steve Briese