Commodities Update 01 Jun 2024

BDI rebounded to close higher, from 1,797 (24 May) to 1,815 (31 May)

Harpex closed higher from 1,434 (24 May) to 1,475 (31 May)

CDFI rebounded to close higher, from 1,239.00 (24 May) to 1,251.24 (31 May)

CCFI closed higher from 1,389.16 (24 May) to 1,495.98 (31 May)

COT     

Download Commodities COT

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

• Sugar (1)
• Soybean Oil 
• Lumber (1)
• Cotton
• Palladium
• Crude

Neutral

• None

Up Trend

• Corn

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

• Natural Gas
• Copper

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