# COT on forex and commodities - Week to 22 September 2026 | Saxo Bank

> Saxo's weekly Commitment of Traders update for the week to 22 September shows speculators rebuilding dollar longs as US Treasury yields rose. Hedge funds cut energy exposure, with Brent down 64.5k contracts, while soybean meal positioning reached a record 192k contracts.

- Date: 2026-09-28 · published 2026-09-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/17387-cot-on-forex-and-commodities-week-to-22-september-2026-saxo-bank
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Record speculative soybean meal length can leave prices vulnerable to a sharp reversal if fund positions unwind. The stronger dollar adds pressure on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- SBM: neutral

## Sources

- home.saxo: https://www.home.saxo/en-mena/content/articles/commodities/cot-on-forex-and-commodities---week-to-22-september-2026-28092026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.