Commodities Update 22 Jul 2023

BDI closed lower from 1,090 (14 Jul) to 978 (21 Jul)

Harpex closed lower from 1,179 (14 Jul) to 1,121 (21 Jul)

CDFI edged lower from 950.5 (14 Jul) to 921.94 (21 Jul)

CCFI closed lower from 869.92 (14 Jul) to 866.08 (21 Jul)

COT     

Download Commodities COT

Instruments that show buying interest (3) by Producer/Merchant/Processor/User
Down Trend

• Corn
• Coffee 
• Palladium (1)

Neutral

• None

Up Trend

• Soybeans
• Cotton

Instruments that show selling interest at extreme (2) only by Producer/Merchant/Processor/User
Up Trend

• US Cocoa

Neutral

• None

Down Trend

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for a trend reversal
Down Trend and Up Trend are based on 50 Simple Moving Averages.