Commitment of Traders

Commitment of Traders

Corn managed money liquidated 46,000 longs and added 39,000 new shorts through Tuesday, an 85,000 contract swing that takes the net long down to 146,000. Beans liquidated another 27,000 longs, and SRW wheat funds added 16,000 new shorts to push the net short out to 51,000. Natural gas went the same way, with 24,000 longs liquidated and 6,000 new shorts on top taking the net short to 157,000.

The financials are where the length came in. 10 year note leveraged funds added 59,000 new longs against 19,000 new shorts, trimming the net short to 2.21 million contracts. E Mini funds added 24,000 new longs and covered 18,000 shorts, and Nasdaq flipped to a small net long on 5,000 shorts covered and 4,000 new longs. Crude liquidated 17,000 longs but covered 16,000 shorts to leave the net nearly unchanged, and copper gave up 10,000 longs.