# COT: Commodity selling accelerated ahead of US midterms as euro and Aussie shorts hit extremes

> Commitment of Traders data for the week to November 3 showed hedge funds were net sellers across all 25 major futures contracts, cutting their combined net-long position by 33% to 783,000 contracts. The combined grains and oilseeds net long fell 83% in six weeks, with corn moving from a record net long to a net short; crude oil longs also reached a three-month low.

- Date: 2026-11-09 · published 2026-11-09T15:17:30.885Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/89773-cot-commodity-selling-accelerated-ahead-of-us-midterms-as-euro-and-aussie
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Liquidation of long positions and a shift to net short positioning can add selling pressure to grain and oil futures, although positioning data alone does not establish a change in physical supply or demand. The reported shift points to a bearish market signal for corn, soybeans and crude oil.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-11 | [Second crop of corn expected to hit new record of 68.2 million tonnes \| News Agency](https://feedsoft.ai/events/58427-second-crop-of-corn-expected-to-hit-new-record-of-68-2-million-tonnes-news.md) | +6.2% | +3.2% |
| CORN | 2026-10-19 | [COT on forex and commodities - Week to 13 October 2026 \| Saxo UK](https://feedsoft.ai/events/17045-cot-on-forex-and-commodities-week-to-13-october-2026-saxo-uk.md) | -0.8% | — |
| CORN | 2017-08-18 | [Commodity futures prices drop sharply in wake of new USDA production estimates](https://feedsoft.ai/events/11616-commodity-futures-prices-drop-sharply-in-wake-of-new-usda-production-estimates.md) | -2.2% | -2.8% |
| CORN | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | -2.6% | +3.6% |
| CORN | 2020-07-08 | [Poultry volatility expected for remainder of 2020, slow improvements ahead \| 2020-07-08  \| MEAT+POULTRY](https://feedsoft.ai/events/52269-poultry-volatility-expected-for-remainder-of-2020-slow-improvements-ahead-2020.md) | -2.3% | -6.6% |
| SOY | 2017-08-18 | [Commodity futures prices drop sharply in wake of new USDA production estimates](https://feedsoft.ai/events/11616-commodity-futures-prices-drop-sharply-in-wake-of-new-usda-production-estimates.md) | +1.2% | +4.1% |
| SOY | 2022-07-14 | [U.S. soy demand seen falling after price jump - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5592-u-s-soy-demand-seen-falling-after-price-jump-supply-chain-council-of-european.md) | -8.8% | +6.3% |
| SOY | 2025-10-30 | [The Commodity Markets Outlook in eight charts](https://feedsoft.ai/events/22717-the-commodity-markets-outlook-in-eight-charts.md) | +3.7% | +4.7% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/cot-on-forex-and-commodities---week-to-3-november-2026-09112026

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