# COT CMD 1209 | Saxo Hong Kong

> 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.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9818-cot-cmd-1209-saxo-hong-kong
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- home.saxo: https://www.home.saxo/en-hk/content/articles/commodities/cot-cmd-1209-09122019

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