Have commodities hit bottom?

Market Pulse: Oct 10, 2011

COT Data

Commodity

12-mo low

12-mo hi

7-Oct

30-Sep

Cattle (feed)

-1,290

7,100

753

2,257

Cattle (live)

-66,362

10,437

-24,069

-13,516

Hogs

-35,864

21,270

-14,279

-6,456

Corn

-413,915

-176,078

-176,078

-207,505

Oats

-7,738

-1,920

-1,920

-2,337

Soybeans

-203,260

-47,513

-72,834

-88,024

Soybean meal

-84,656

-1,204

-1,204

-10,674

Soybean oil

-117,444

9,376

9,376

2,133

Wheat

-32,577

72,621

67,848

72,621

Orange juice

-22,341

-9,769

-9,769

-10,259

Coffee

-45,699

-6,067

-11,151

-13,961

Cocoa

-41,808

7,729

5,805

4,137

Sugar

-221,694

-92,181

-92,181

-103,642

Cotton

-49,331

-18,697

-18,697

-21,107

British pound

-66,435

88,682

88,682

83,678

Canada dollar

-115,190

11,193

11,024

11,193

Euro FX

-124,855

109,202

109,202

107,680

Japanese yen

-64,864

76,983

-39,462

-40,250

Swiss franc

-42,387

-26

-26

-720

US dollar index

-49,496

14,003

-49,496

-46,697

Mexican Peso

-140,414

28,834

28,834

24,961

Australian dollar

-110,025

-1,778

-2,706

-1,778

S&P 500

-88,893

73,398

21,740

31,700

T-note -10 yr

-74,761

229,611

121,113

112,704

T-bond -30 yr

-29,204

88,803

27,621

17,552

Eurodollar

-1,138,509

458,230

287,735

173,883

Crude oil

-319,669

-114,385

-114,385

-139,051

Heating oil

-66,097

-4,204

-4,204

-7,668

RBOB Gasoline

-85,987

-38,417

-41,411

-38,417

Natural gas

108,160

228,910

145,116

152,997

Copper

-36,201

9,677

9,323

8,555

Gold

-300,022

-164,751

-164,751

-166,683

Platinum

-35,249

-18,670

-23,059

-24,619

Silver

-61,504

-18,923

-18,923

-24,262

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.

If you need help understanding how to understand how to use the COT report to your benefit, please email me at Gary@crbtrader.com and put COT report in the subject line. Please include your name and telephone number in the email.

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

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