🚨BREAKING
CFTC CoT (Dec 16-23 data, released Dec 31):
• Ags: Corn MM long; SRW wheat MM short
• Energy: P/M short hedging; MM long
• NatGas: Massive OI; Swap Dealers heavy short; MM long
• Electricity: Commercials dominate
• Metals & other: Gold MM long; Copper OR short
Compared with the previous report, grain positioning has shifted from uniformly defensive to selectively constructive. The key change is in corn, where Managed Money moved from net short back to net long, indicating a modest return of speculative risk-taking in that contract. By contrast, SRW wheat remains net short, confirmi