The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" commercial hedgers only established one multi-year extreme, and that continues to be in corn where they're holding a near-record level of hedges. Again, however, this market has not been responding like it has over the past 7 years, suggesting this is a new and healthier market environment. The Commodity page shows that hedgers continue to be heavily short pretty much anything starting with a "c" including copper, cotton, and crude. They started covering shorts in 10-year Treasuries but have a ways to go before suggesting any kind of extreme. They're holding a smallish short position in major equity index futures, not telling us much there.
