The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows no new extreme positioning among "smart money" hedgers this week. The Commodity page shows that hedgers continued their pattern of selling pretty much anything starting with "c," with heavy (and mostly getting heavier) short exposure in coffee, copper, corn, cotton, and crude oil. In major equity index futures, hedgers mostly reversed the big sales from the prior week. We've been saying that this data is acting differently in equity contracts for almost a year than it had for most of the past decade, so not sure how much weight to put on this any longer.
