Week 29, 2026
Soybeans lead buying as Brent adds new shorts
Report date: Tue 21st Jul 26
Released: Fri 24th Jul 26
Legacy Futures Only Report
Good Morning. This is your weekly COT Digest. Speculators leaned into soybeans in size this week. Brent sold, but that was the smaller side of the tape.
Top Buyers This Week
Soybeans
The heaviest buying of the week: new longs and short covering while net long, +15.89% of the book. This is a second week of new longs and short covering. Spot continued the buying from the report date close to the release close, +2.3%.
Copper
New longs and short covering while net long, +7.15% of the book. Spot did not continue the buying from the report date close to the release close; it moved the other way, -2.9%.
Corn
New longs and short covering while net long, +6.63% of the book. Spot continued the buying from the report date close to the release close, +2.5%.
Wheat
Short covering while net short, +3.7% of the book.
Crude Oil WTI
New longs and short covering while net long, +3.51% of the book.
| Commodity | Contracts | Long | Short | Net Long | 52w |
|---|---|---|---|---|---|
|
Soybeans
Spot +2.3% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
4.01%
(334,650)
|
15.54%
|
-16.68%
|
15.89%
|
58th |
|
Copper
Spot -2.9% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
3.92%
(142,091)
|
8.87%
|
-2.28%
|
7.15%
|
87th |
|
Corn
Spot +2.5% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
2.05%
(797,942)
|
2.09%
|
-12.86%
|
6.63%
|
75th |
|
Wheat
Spot 0.0% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
6.09%
(226,159)
|
-7.05%
|
-13.14%
|
3.7%
|
96th |
|
Crude Oil WTI
Spot +5.2% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
-0.59%
(538,675)
|
2.56%
|
-4.69%
|
3.51%
|
29th |
|
Natural Gas
Spot +0.2% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
0.97%
(761,550)
|
2.77%
|
0.1%
|
0.99%
|
73rd |
Top Sellers This Week
Brent Crude
This marks a flip from new longs and short covering last week. New shorts while net short, -4.2% of the book. Spot did not continue the selling from the report date close to the release close; it moved the other way, +6.3%.
Silver
New shorts while net long, -3.39% of the book. Spot continued the selling from the report date close to the release close, -0.3%.
Gold
Long liquidation and new shorts while net long, -1.03% of the book. Spot continued the selling from the report date close to the release close, -0.7%.
Coffee
Long liquidation while net long, -0.72% of the book.
| Commodity | Contracts | Long | Short | Net Short | 52w |
|---|---|---|---|---|---|
|
Brent Crude
Spot +6.3% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
0.28%
(134,820)
|
3.02%
|
9.32%
|
-4.2%
|
50th |
|
Silver
Spot -0.3% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
1.32%
(50,017)
|
1.37%
|
18.83%
|
-3.39%
|
19th |
|
Gold
Spot -0.7% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
-0.08%
(265,660)
|
-1.11%
|
0.61%
|
-1.03%
|
71st |
|
Coffee
Spot -5.5% from the report date close (Tue 21 Jul) to the release close (Fri 24 Jul) |
-2.27%
(77,535)
|
-2.82%
|
-3.63%
|
-0.72%
|
52nd |
Other Notable Moves
Natural Gas added new longs while net short, +0.99% of the book. Spot continued the buying from the report date close to the release close, +0.2%.
Quick Read
Soybeans posted the largest move with new longs and short covering.
Brent flipped back to new shorts after prior buying.
Copper and corn also added new longs and short covering.
Disclaimer: COT data reflects positioning and sentiment, not trade timing or price predictions.
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