Commodities Update 04 May 2024

BDI rebounded higher from 1,721 (26 Apr) to 1,876 (03 May)

Harpex closed higher from 1,252 (26 Apr) to 1,290 (03 May)

CDFI closed lower from 1,244.05 (26 Apr) to 1,231.77 (30 Apr)

CCFI data not available; stay at 1,193.64 (26 Apr)

COT     

Download Commodities COT

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

• Soybeans
• Sugar (1)
• Soybean Oil  (1)
• Feeder Cattle
• Lumber (1)

Neutral

• Soybeans
• Orange Juice
• Palladium

Up Trend

• Corn
• Wheat
• Crude

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

• None

Neutral

• Natural Gas

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