Despite prices holding stable around $6.29/lb, Managed Money didn't flinch—they doubled down, adding 10.3k net longs to hit the 99th percentile ( 73.5k contracts). Meanwhile, Commercials have plunged to a staggering 0th percentile (-85.5k contracts). Physical hedgers are maxed out, drawing a line in the sand. Forget the overhyped AI/data-center narrative—this excessive interest is driven by a fierce COMEX physical arbitrage battle, combined with macro funds using copper as a weapon to trade the broader $101 WTI crude oil inflation breakout. A 99th pct speculative long facing off against a 0th pct commercial short is the ultimate market game of chicken. When this breaks, it won't be quiet. #Copper #MacroTrading #COTWcos reports.getsoftsignal.com/20…

Managed Money trimmed -6.8k contracts this week, but remains HEAVILY LONG at the 96th percentile ( 214.8k contracts). With no concrete China demand news to justify the exposure, a swift exit could spell trouble. Open Interest jumped to the 96th percentile as price fell 1.4% (to 1,177.25 ¢/bu)—meaning new shorts are aggressively stepping in. If MM begins a true liquidation cycle, structural hedging pressure will put swap dealers in a vice, risking a severe downside cascade. #AgTraders #Soybeans #COTWcos View at: reports.getsoftsignal.com/20…