According to The Kobeissi Letter, hedge funds' long-only positions in WTI Crude Oil have significantly decreased to 172,576 by the week ending March 4, marking a near-decade low since 2010. This represents a substantial reduction of approximately 100,000 long positions over recent weeks, coinciding with a decline in oil prices since mid-January.

According to Eric Balchunas, ProShares is withdrawing their physical uranium ETF application. This move may impact traders interested in uranium commodities, as the physical ETF would have provided a direct investment avenue. Decisions such as this can influence market dynamics, particularly for those focusing on commodity ETFs.

According to @KobeissiLetter, egg prices have surged by 700% since January 2024, significantly outperforming popular technology stocks. This dramatic price increase presents an unconventional opportunity for commodity traders, who may find value in diversifying portfolios to include agricultural products. As traditional market sectors face volatility, the stability and unexpected growth of egg prices could be a viable investment strategy. Source: @TKL_Adam.