# COT on forex and commodities - Week to 23 Sept 2025 | Saxo Bank

> Saxo's weekly Commitment of Traders update for the week to September 23, 2025 shows speculators adding dollar shorts after the Fed decision. Speculators held their largest seasonal short on record across grains and oilseeds, with net shorts in all six grain and oilseed contracts for the first time in 20 months.

- Date: 2025-09-29 · published 2025-09-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/22762-cot-on-forex-and-commodities-week-to-23-sept-2025-saxo-bank
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record speculative short in grains and oilseeds means heavy fund positioning that could fuel short-covering rallies if supply news turns bullish. It signals bearish sentiment already priced in, which matters for feed-grain price risk.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- home.saxo: https://www.home.saxo/en-mena/content/articles/commodities/cot-on-forex-and-commodities---week-to-23-sept-2025-29092025

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