10 year note leveraged funds added 60,000 new shorts and pulled 37,000 longs through Tuesday, pushing the net short past 2.15 million contracts. Corn managed money liquidated 55,000 longs with another 6,000 new shorts on top, a 60,000 contract swing. E Mini S&P leveraged funds built 25,000 new shorts alongside 17,000 longs exiting, and crude oil shed 25,000 longs while natural gas added 10,000 new shorts.
Sugar stood alone on the long side with 29,000 new managed money longs. Soybeans picked up 7,000 in short covering and lean hogs drew 7,000 new longs, but those are small next to the selling across energy, grains, metals, and rates. Copper lost 15,000 longs, gold caught 5,000 new shorts alongside 4,000 longs leaving, and wheat extended its net short with 10,000 new shorts.
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