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Large Speculators Add Long Positions

November 8, 2010
 
 

Large specs bought all three commodities we report, with soybeans leading the way at alsmot 47,000 contracts. Index traders also added more than 7,000 soybean contracts but pulled back on corn (down 10,000) and wheat (down 3,000).

 

Commercials continued growing their negative positions in soybeans (58,000) and wheat (11,000) but lightened up modestly in corn (3,000 fewer shorts), though they still hold 742,000 short positions.

 

COT 11 5 10

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