PDF attached include CFTC report
CFTC Commitment of Traders
Traders again missed the traditional fund net long estimate for corn but considering there was an increase in volatility ahead of the USDA reports, a miss of 44,600 contracts could be viewed as having little influence on prices. Funds for soybeans were also much more long than expected, by 31,000 contracts, and funds were more long for soybean oil by 30,400 contracts. Managed money positions declined for soybeans, SBO and wheat and increased for corn. Meal net long for managed money was up 600 contracts.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 362,124 6,642 418,986 978 -746,116 3,180
Soybeans 98,701 -27,685 164,864 -1,735 -249,398 35,489
Soyoil 48,822 -12,388 121,138 -930 -184,837 20,412
CBOT wheat -39,927 -19,154 157,379 -1,213 -105,191 21,511
KCBT wheat 1,654 -3,640 64,274 -2,277 -63,538 6,803
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 395,584 7,410 248,782 5,827 -726,557 -3,751
Soybeans 141,880 -20,972 91,598 -49 -236,854 35,948
Soymeal 58,235 616 70,587 -965 -177,974 1,022
Soyoil 80,840 -13,136 97,741 4,619 -205,327 14,887
CBOT wheat -14,711 -22,871 98,508 4,978 -92,009 17,386
KCBT wheat 21,722 -4,520 42,110 -1,271 -55,059 8,211
MGEX wheat 10,384 -4,840 5,280 343 -17,367 8,402
———- ———- ———- ———- ———- ———-
Total wheat 17,395 -32,231 145,898 4,050 -164,435 33,999
Live cattle 83,237 3,680 84,646 211 -174,626 -6,683
Feeder cattle 5,111 4,404 7,570 116 -3,800 -1,112
Lean hogs 78,112 2,017 58,455 -3 -146,436 -4,829
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 117,185 1,314 -34,994 -10,800 2,320,111 -20,948
Soybeans 17,542 -8,858 -14,166 -6,068 1,175,658 -1,115
Soymeal 20,640 2,403 28,511 -3,076 470,594 -1,873
Soyoil 11,868 725 14,876 -7,096 589,479 -25,815
CBOT wheat 20,474 1,652 -12,261 -1,146 511,903 -3,797
KCBT wheat -6,383 -1,535 -2,390 -886 242,246 3,403
MGEX wheat -327 -1,669 2,031 -2,236 85,271 -4,218
———- ———- ———- ———- ———- ———-
Total wheat 13,764 -1,552 -12,620 -4,268 839,420 -4,612
Live cattle 20,122 2,722 -13,378 69 392,487 3,620
Feeder cattle 4,351 -512 -13,233 -2,895 53,357 -1,480
Lean hogs 16,653 1,561 -6,785 1,253 355,881 14,569
Source: Reuters and FI
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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CommitFI040421.pdf