CFTC Position Report: Investors Reduce Gold Net Long Positions and Increase Crude Oil Net Long Positions

U.S. Commodity Futures Trading Commission (CFTC) data shows that for the week ending February 10, New York Mercantile Exchange (COMEX) gold speculators reduced their net long positions by 399 contracts to 93,038 contracts.

As of the week ending February 10, COMEX silver speculators increased their net long positions by 94 contracts to 4,585 contracts. COMEX copper futures speculators reduced their net long positions by 43 contracts to 54,270 contracts.

For the week ending February 10, traders’ net long positions in NYMEX WTI crude oil increased by 5,937 contracts to 86,314 contracts, reaching a more than six-month high. Natural gas speculators on NYMEX and ICE’s four major markets reduced their net long positions by 8,192 contracts to 144,737 contracts.

For the week ending February 10, stock fund speculators reduced their net short positions in the Chicago Mercantile Exchange (CME) S&P 500 index by 23,298 contracts to 414,655 contracts.

As of the week ending February 10, the net short position for the British pound was 25,810 contracts; the euro’s net long position was 180,305 contracts; and the Japanese yen’s net short position was 19,106 contracts.

For the week ending February 10, speculators reduced their net short positions in CBOT U.S. 5-year Treasury futures by 44,216 contracts to 2,114,764 contracts; increased their net short positions in CBOT U.S. 10-year Treasury futures by 83,613 contracts to 813,027 contracts; reduced their net short positions in CBOT U.S. 2-year Treasury futures by 57,915 contracts to 1,289,687 contracts; increased their net short position in CBOT ultra-long U.S. Treasury futures by 1,457 contracts to 270,546 contracts; and reduced their net short position in CBOT U.S. Treasury futures by 13,512 contracts to 92 contracts.

As of the week ending February 10, ICE coffee speculators reduced their net long positions by 4,465 contracts to 2,866 contracts. ICE cocoa futures speculators increased their net short positions by 1,512 contracts to 26,910 contracts.

For the week ending February 10, CBOT corn speculators reduced their net short positions by 17,383 contracts to 168,687 contracts; CBOT wheat speculators increased their net short positions by 3,154 contracts to 89,060 contracts. ICE raw sugar speculators increased their net short positions by 15,085 contracts to 229,562 contracts. ICE cotton speculators increased their net short positions by 8,194 contracts to 71,777 contracts. CBOT soybeans speculators turned to holding 76,427 net long contracts, increasing by 79,851 contracts.