Soybeans in the teens; how about the twenties?

Market Pulse: April 24

COT Data

Looking at the weekly chart below, you can see the increased selling by producers on the Disaggregated COT report. In the last COT report of 2011, Producers came in at -122,176 contracts net short and beans were trading around 1200. This past week, Producers showed a net short position of -298,376 contracts. So who is buying? Managed Money and Swap Dealers. And where are beans trading now?


If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.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.

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

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