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Tech Guy Additional Soybean Comment 5/28/22

The commitment of traders report from Friday was the most bullish setup for Soybeans.


I look at the legacy report which is more abbreviated than what Roger reports on. It is broken down into 4 categories: Funds long and short, commercial long and short.


This week's report had Funds adding adding positions which is bullish when the market also moves to higher prices, as you know. In my experience, when the commercials also add positions in BOTH long and short, this is the most bullish scenario as far as the COT report in general, goes.


This week was that very setup - those 3 categories of trader all adding positions - Funds long, Commercials equally long and short.