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Saxo's weekly COT report showed speculators cutting net longs across 24 commodity futures by 153k lots to 555k lots in the week to December 3. Crude oil, natural gas, copper and soybeans were sold while gold, corn, sugar and wheat were bought, after OPEC+ agreed extra voluntary Saudi cuts.
Fund liquidation in soybeans and energy reflects weaker risk appetite and trade-deal doubts, while crude oil moves feed into biofuel and input cost expectations.
home.saxoOle HansenDec 9, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
