Farm Progress

CFTC report shows huge fund short covering

Big specs slash bearish bets in crops and livestock by 80% in just one week.

Bryce Knorr 1, Senior Market Analyst, Farm Futures

February 3, 2018

9 Slides

Talk about jumping ship! Big speculators liquidated most of their bearish bets against agriculture in just one week, short covering that drove futures higher until gains faded late in the week.

Here’s what funds were up to, at least through Tuesday, Jan. 30, when the CFTC collected data for its latest Commitment of Traders.

About the Author(s)

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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