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Flying blind as U.S. shutdown halts COT reporting
The three-week U.S. government shutdown has left commodity traders without one of their most valuable tools — the weekly Commitment of Traders (COT) report from the Commodity Futures Trading Commission (CFTC). For a market that thrives on transparency, the absence of positioning data has created an unusual vacuum. The last report, dated September 23, offered a snapshot that now feels ancient given the major price swings seen across energy, metals, and agriculture since then. The last time this happened — during the 35-day shutdown from December 2018 to late January 2019 — the COT backlog wasn’t fully caught ... (full story)