Mercados
The COT report
How to read the COT report: what the big players are doing in the futures markets. · 1:22
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Open the Markets menu and choose: show me the COT for corn. The COT is the weekly report from the CFTC, the US agency that oversees futures markets: it shows how the different groups of traders are positioned.
In the answer you find the net position of each group. Non-commercials are the large speculators. Commercials are producers and users hedging their risk. Then come the small traders, the non-reportables. For each group you also see how the position changed from the week before. In the panel, the corn price is at the top; below it, the three COT lines: red for commercials, green for large speculators, blue for small traders. Above zero, a group is a net buyer; below zero, a net seller. Commercials and speculators usually sit on opposite sides. When a line gets close to its extremes, positioning is crowded: something to always read together with the price.
The report comes out every week, and the date it refers to is always at the top of the panel.