A Mixed Bag For Traders

September 3, 2010 10:28 AM
 

Amidst falling open interest, it was a mixed bag who was adding to long and short positions. 

In corn, the non-commercial speculators almost 9% to their long position (24,000 contracts). Commercials added 5,000 contracts to their short position and index traders sold off a few long positions, leaving them holding 496,062.

In soybeans, the speculative side sold, while commercials bought. Both non-commercials and index traders added to their long positions—a total of more than 10,000 contracts. Commercials reduced their short position by 14,000, leaving them at 250,824.

In wheat, non-commercial positions are almost negligible at 1,466 long. Commercials reduced their short position by 5,000 and index traders reduced their long position by 3,500. 

COT

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