NOTE: The data was released on Monday instead of Friday due to the U.S. federal holiday.
This summary highlights futures positions and changes made by speculators such as hedge funds and CTA’s across 24 major commodity futures up until last Tuesday, June 30. During the week, appetite for risk across other asset classes temporarily received a knock with the S&P 500 trading softer while the dollar and bonds rose.
The performance across 24 major commodity futures were mixed with the Bloomberg Commodity Index rising 0.4%. The energy sector saw weaker oil and higher natural gas prices. The metal sector was generally bid with the exception of platinum while the agriculture sector finally received a bid led by corn, coffee and cotton.
Despite the mixed price action hedge funds overall increases bullish bets by 28% to 810k lots with buying seen in 18 out of the 24 commodity futures tracked in this.