Corn and beans — Where we go from here

Market Pulse: Nov. 16, 2010

COT data

The COT charts below show the commercials still net short soybeans at 177,843 contracts and corn net short at 363,613 contracts. Large profit taking in the COT would signal the end of this long term uptrend. This past week we did not see that, so keep an eye on this Friday’s report.

Commercial Net Tracker instructions
This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A. If the current value is at a 12-month low, the cell will display a red/burgundy background. B. If the current value is at a 12-month high, the cell will display a green background. C. If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D. If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Commodity 12-mo low
12-mo hi
12-Nov
5-Nov
Cattle (feed) -2,917
7,100
5,726
5,431
Cattle (live) -73,179
4,448
-54,299
-57,319
Hogs -38,039
-121
-121
-4,412
Corn -373,558
119,389
-363,613
-360,789
Oats -5,208
829
-5,180
-5,208
Soybeans -179,666
56,797
-177,843
-179,666
Soybean meal -90,487
-6,350
-68,099
-64,672
Soybean oil -111,786
32,394
-86,837
-96,527
Wheat -16,413
82,654
-792
1,604
Orange juice -22,027
-6,588
-15,728
-14,879
Coffee -47,729
-4,637
-45,661
-44,171
Cocoa -49,897
8,586
5,113
3,586
Sugar -241,259
-104,983
-195,931
-200,346
Cotton -69,857
-12,970
-49,331
-46,859
British pound -31,274
97,211
-31,274
-19,015
Canada dollar -105,107
-13,109
-62,936
-48,293
Euro FX -62,835
124,494
-37,795
-50,823
Japanese yen -66,127
92,866
-34,090
-50,072
Swiss franc -37,855
27,482
-19,908
-20,540
US dollar index -46,250
2,587
-6,220
-9,209
Mexican Peso -118,008
-14,488
-94,576
-87,360
Australian dollar -102,706
-10,793
-66,918
-66,718
S&P 500 -83,827
33,981
-68,965
-56,285
T-note -10 yr -74,761
356,573
-36,816
-5,817
T-bond -30 yr -43,324
158,206
6,873
8,080
Eurodollar -1,179,414
105,872
-473,022
-1,001,804
Crude oil -166,581
-23,057
-166,581
-144,563
Heating oil -69,179
7,568
-61,069
-42,439
Unleaded gas -91,597
-10,453
-67,398
-62,801
Natural gas 110,310
179,433
127,869
128,373
Copper -34,883
1,793
-34,883
-28,565
Gold -308,231
-207,691
-290,953
-276,612
Platinum -32,628
-15,759
-32,628
-31,459
Silver -65,413
-37,800
-50,485
-56,048

Proceed to Page 3 for this week's detailed fundementals charts...

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