Commodities Update 09 Dec 2023

BDI slumped from 3,192 (01 Dec) to 2,483 (08 Dec)

Harpex closed lower from 833 (01 Dec) to 826 (08 Dec)

CDFI closed lower from 1,385.95 (01 Dec) to 1,278.94 (08 Dec)

CCFI edged higher from 857.72 (01 Dec) to 858.4 (08 Dec)

COT     

Download Commodities COT

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

• Corn (1)
• Soybeans (1)
• Soybean Oil
• Palladium (1)
• Crude
• Cotton
• Feeder Cattle

Neutral

• None

Up Trend

• Wheat
• Orange Juice
• Copper

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

• Rough Rice

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.