Corn, +2.5% today, has just opened another week with a bullish gap extending the rally to more than 120% from August 2020 lows. How far may it go? We can see from the COT data that speculative positioning is extreme (like on anything today…) but we can also see that high level of speculative positioning itself wasn’t enough to trigger a reversal in the past. Actually, it was a decline in net speculative positioning that produced a signal. Investors have the COT data on XTB platform so it’s certainly worth watching.
Daily summary: Dollar rout after NFP, Gold back on the rise
Three markets to watch next week (07.08.2026)
Gold gains almost 3% trying to reverse the trend
US OPEN: Shallow rebound in the shadow of a weak labor market
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