COT report on Hightower Report

[williamblake27]

Hello,

I am trying the Hightower report, which seems a good resource to me.

I am looking their COT Report and I wonder what in detail means the data called "52week rank". Pls have a look below.

What is the right interpretation?
1) This week net position (-269k contracts) is the most negative net position during the last 52 weeks
2) This week change in net position (-36k contracts) is the most negative change in net position during the last 52 weeks
3) Any other interpretation

Other doubt: if the rank was 52, it means "most positive"?

Thanks

 

[CannonTrading_Ilan]

Happy New year!

I asked my colleague Mark O'Brien to chime in:


The 52-week ranking of 1 for CBOT Grains means the net position of -269,232 contracts is the shortest net position for CBOT grains in the last 52 weeks. A ranking of 1 represents the shortest short position. A ranking of 52 represents the longest long position.



For a CBOT Grains breakdown, below are the Commitments of Traders figures from The Hightower Report’s “Weekly Market Letter,” from Friday, Jan. 5.

It looks like the Soymeal and Wheat 52-week ranking are inverted. If Soymeal’s positive net position is correct, its 52-week ranking could be 46 and if Wheat’s negative net position is correct, its 52-week ranking could be 1.

 

[williamblake72]

Happy New year!

I asked my colleague Mark O'Brien to chime in:


The 52-week ranking of 1 for CBOT Grains means the net position of -269,232 contracts is the shortest net position for CBOT grains in the last 52 weeks. A ranking of 1 represents the shortest short position. A ranking of 52 represents the longest long position.



For a CBOT Grains breakdown, below are the Commitments of Traders figures from The Hightower Report’s “Weekly Market Letter,” from Friday, Jan. 5.

View attachment 331286


It looks like the Soymeal and Wheat 52-week ranking are inverted. If Soymeal’s positive net position is correct, its 52-week ranking could be 46 and if Wheat’s negative net position is correct, its 52-week ranking could be 1.

Thank you, Ilian. So for my understanding is somewhat comparable to the COT index: this is a rank but the information is the same of the index. If this is right, thus rank 1 is correct since is the lowest (even if positive) net position of the last 52 weeks