PDF attached
CFTC Commitment of Traders
Traders missed estimating the corn traditional net fund futures only position by a very large 50,600 contracts (509,100 versus 488,100 estimated). Funds were also more long than estimated for soybeans and wheat, and less short for SBO.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 355,482 11,815 418,008 3,825 -749,296 -7,241
Soybeans 126,385 8,071 166,599 -1,686 -284,885 -3,210
Soyoil 61,209 -11,784 122,068 -955 -205,249 14,496
CBOT wheat -20,773 -8,443 158,591 1,635 -126,703 7,621
KCBT wheat 5,294 -7,960 66,551 -2,008 -70,341 12,425
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 388,175 17,275 242,955 -18,692 -722,807 -172
Soybeans 162,853 6,813 91,647 -1,090 -272,802 -2,997
Soymeal 57,620 -3,618 71,553 114 -178,996 2,851
Soyoil 93,977 -4,709 93,122 -695 -220,214 14,614
CBOT wheat 8,160 -9,365 93,530 -3,494 -109,395 6,509
KCBT wheat 26,242 -12,100 43,381 987 -63,270 11,817
MGEX wheat 15,224 -659 4,937 311 -25,769 2,128
———- ———- ———- ———- ———- ———-
Total wheat 49,626 -22,124 141,848 -2,196 -198,434 20,454
Live cattle 79,555 -4,005 84,435 955 -167,942 5,157
Feeder cattle 707 -1,720 7,455 197 -2,688 616
Lean hogs 76,095 262 58,458 62 -141,607 298
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 115,870 9,987 -24,194 -8,398 2,341,060 -48,603
Soybeans 26,401 447 -8,098 -3,175 1,176,773 -2,738
Soymeal 18,238 -959 31,587 1,612 472,467 -4,600
Soyoil 11,143 -7,456 21,972 -1,756 615,294 10,316
CBOT wheat 18,821 7,163 -11,116 -813 515,700 2,946
KCBT wheat -4,849 1,751 -1,504 -2,455 238,843 6,596
MGEX wheat 1,342 -958 4,266 -823 89,489 2,428
———- ———- ———- ———- ———- ———-
Total wheat 15,314 7,956 -8,354 -4,091 844,032 11,970
Live cattle 17,400 -2,815 -13,448 706 388,868 -3,230
Feeder cattle 4,863 345 -10,337 561 54,837 644
Lean hogs 15,093 -341 -8,038 -282 341,311 6,875
=================================================================================
FUTURES ONLY Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 379,509 18,723 262,143 -20,686 -763,441 -1,947
Soybeans 151,572 6,370 90,775 -2,201 -306,769 -1,742
Soymeal 56,799 -3,657 71,307 -157 -186,067 3,331
Soyoil 92,176 -4,320 90,594 -948 -219,769 15,124
CBOT wheat 2,718 -9,453 93,794 -3,878 -98,974 6,379
KCBT wheat 26,071 -12,224 43,406 1,049 -67,032 10,243
MGEX wheat 15,224 -659 4,937 320 -26,269 2,066
———- ———- ———- ———- ———- ———-
Total wheat 44,013 -22,336 142,137 -2,509 -192,275 18,688
Live cattle 75,177 -3,512 85,236 1,109 -154,752 5,383
Feeder cattle 478 -1,429 7,444 225 -2,955 100
Lean hogs 74,169 481 58,427 184 -130,875 1,110
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 159,191 10,893 -37,402 -6,983 1,747,316 -43,465
Soybeans 76,092 -237 -11,670 -2,190 853,452 -2,701
Soymeal 30,642 -1,083 27,319 1,566 408,654 -5,838
Soyoil 15,848 -7,808 21,151 -2,048 498,432 1,706
CBOT wheat 12,538 7,653 -10,076 -701 420,748 1,627
KCBT wheat -1,259 3,312 -1,186 -2,380 220,866 4,827
MGEX wheat 2,174 -865 3,934 -862 85,389 2,368
———- ———- ———- ———- ———- ———-
Total wheat 13,453 10,100 -7,328 -3,943 727,003 8,822
Live cattle 3,453 -3,143 -9,114 163 335,893 -3,645
Feeder cattle 3,175 696 -8,142 408 48,069 264
Lean hogs 6,622 -957 -8,343 -818 275,026 3,712
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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CommitFI032621.pdf