The Commitment of Traders report has shown a significant shift in commercial trader sentiment in the grain markets. The oat market seems to have had the most dramatic reversal with wheat following closely behind. We chose to focus on the soybean market this morning due its significantly greater liquidity. Commercial traders have sold about 45,000 contracts over the last few weeks of this gradual rally.
We based this morning's piece for TraderPlanet off of our Mechanical COTSignals program.
See the rest of our analysis at TraderPlanet.
