Where will soybean prices head after harvest?

Market Pulse: October 8

COT Data

On the weekly chart, you can see how “big money” has been posturing as they have liquidated net positions over the past few months. The week of July 6, we saw Producers net short -347,864 contracts. This past Friday, Oct. 6 we saw Producers net short -243,902 contracts. Managed Money continues to liquidate net longs now 183,265 contracts net long and Swap Dealers actually added to net longs now at 44,479 contracts.  

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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