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ECIL | A Couple thoughts, There has been some discussion here about the usefulness of the numbers because of the large players ability to use off exchange derivatives.
Not all managed money is alike. As in stocks you have actively traded vs passive investment vehicles. . We may be in a situation where the passive money is long a broad basket of commodities for the long haul and the active trader will move their positions around. There are also some exchange traded Ag commodity funds that would see inflows because of the new trend to invest in SP 500 and Russell total market funds.
If you look on down to the report supplement it shows what I take to mean the 4 largest traders position (currently short).
Interesting numbers to be aware of but I`m not sure that the "net"numbers hold the same meaning they did even 5 years ago. We may have to start looking a little deeper.
Edited by garyl 8/6/2017 08:26
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Specs still heavily Long grains despite the Large Pull Back
