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Darin Newsom

What Commodity Markets Did Watson Buy Last Week?

Watson CFTC

  • Based on the latest CFTC Commitments of Traders report (legacy, futures only) numbers, the noncommercial side continues to sell the commodity complex. 

  • As of the week ending Tuesday, March 4, only three commodity markets (of the 25 I was tracking) showed fund buying interest for the week. 

     

  • Of these, the one that stood out to me was feeder cattle due to the commercial selling also seen last week. 

After my son Ben had compiled and posted the latest CFTC Commitments of Traders (legacy, futures only) numbers to our website last Friday, something peculiar jumped out at me. I’ll give you a moment to look at some of the markets. 

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