Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.
To download your copy of the Commitment of Traders: Commodity report for the week ending May 15, click here.
Hedge funds kept up the selling pressure across key commodities during the week to May 14. Fears of the trade war leading to lower growth, demand concerns and ample stocks of several key agriculture commodities have been the main drivers behind the current slump. The one-third reduction last week reduced the net-long to just 147k lots, the lowest since January 2016.
The agriculture sector remains the hardest hit with short positions being held in all but a couple of livestock contracts. Bullish bets are concentrated in crude oil and products due to tightening supply and raised concerns about the stability in the Middle East. Gold, meanwhile, was left exposed after the failed break above $1,300/oz attracted the largest amount of buying since December. Note: See page 3 in the attached report for detailed descriptions of the different data points in the report.