PDF attached
CFTC Commitment of Traders
Traditional funds were less long than expected for Chicago wheat (by 25,100 contracts), corn, soybeans, and soybean meal. Money managers extended their net long position for the major agriculture commodities with exception of soybean meal. We see no price reaction from the less than expected Chicago wheat net fund position as traders were busy buying that market mid last week before taking some profits on Friday. The net position futures and options of speculators and index funds for combined SRW, HRW, corn, soybeans, soymeal and soyoil, remains near a record long.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 271,085 5,107 491,696 -2,040 -726,160 -14,117
Soybeans 97,896 4,286 208,914 -1,144 -279,616 -5,000
Soyoil 55,157 5,718 117,946 1,036 -194,383 -12,749
CBOT wheat -36,974 707 161,157 -2,293 -121,646 -646
KCBT wheat 15,695 1,504 62,862 -956 -80,755 -1,912
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 369,952 7,647 286,077 -4,837 -714,681 -13,812
Soybeans 171,873 8,218 112,854 -6,179 -271,708 -1,692
Soymeal 93,411 -7,133 90,345 940 -234,989 4,996
Soyoil 84,063 7,313 85,555 -1,422 -198,640 -11,698
CBOT wheat 16,639 2,679 68,689 -5,089 -95,363 250
KCBT wheat 49,392 4,364 23,988 472 -70,849 -1,958
MGEX wheat 18,120 -135 642 243 -27,514 -1,572
———- ———- ———- ———- ———- ———-
Total wheat 84,151 6,908 93,319 -4,374 -193,726 -3,280
Live cattle 39,498 -766 73,856 -3,007 -128,779 -987
Feeder cattle -4,800 -2,207 5,214 -1 3,644 855
Lean hogs 54,675 -3,076 54,415 -1,121 -107,298 2,737
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 95,273 -48 -36,621 11,050 2,263,395 92,529
Soybeans 14,176 -2,205 -27,195 1,860 984,410 5,374
Soymeal 15,533 -715 35,700 1,912 461,136 356
Soyoil 7,740 -189 21,281 5,995 432,997 22,039
CBOT wheat 12,572 -71 -2,537 2,231 486,821 6,367
KCBT wheat -4,731 -4,241 2,199 1,364 210,439 2,157
MGEX wheat 4,553 890 4,199 574 76,329 5,212
———- ———- ———- ———- ———- ———-
Total wheat 12,394 -3,422 3,861 4,169 773,589 13,736
Live cattle 28,586 4,630 -13,160 128 358,692 5,586
Feeder cattle 452 72 -4,508 1,281 59,887 3,427
Lean hogs 4,805 -541 -6,596 2,000 319,762 4,306
Source: CFTC, Reuters and FI
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Suite 1450
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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CommitFI041622.pdf