This is a critical time of year for the US farm commodities that are influenced by the protected price that was announced on the 15th this last week. I have only read the statement on the CFTC website and haven't heard any news/rumors. The statement says that the "reporting firms" are still experiencing technical difficulties do to a "cyber-related incident". We've missed two reports now and the one next week is very important to me as it's the first one scheduled since the RMA established price has been released. Lots of farmers have started making decisions now that they have that number to count on. Is there any news on when this will be fixed?
Still no COT report?
- Thread starter long
- Start date
https://www.cftc.gov/PressRoom/PressReleases/8662-23
“CFTC staff intends to resume publishing the CoT report as early as Friday, February 24, 2023. Staff will begin with the CoT report that was originally scheduled to be published on Friday, February 3, 2023. Thereafter, staff intends to sequentially issue the missed CoT reports in an expedited manner, subject to reporting firms submitting accurate and complete data. Staff anticipates that, pending the timely, accurate and complete submission of backlogged data by reporting firms to the CFTC, these missed CoT reports will be published by mid-March. After that, CoT report publication will resume its usual weekly schedule.”
Thanks for that. Now I'm trying to figure out if the reports will be useless to me until they get back on schedule.
I was alerted to this by a successful fund manager. He says he rarely uses the report for decision making but major changes like this definitely get his attention. It’s the only reason he still looks at it regularly, just in case there is a major repositioning. He said that across all futures markets this may be the biggest change in positioning to date.