FI Ag Commitment of Traders 04/16/21

PDF attached

 

CFTC Commitment of Traders

• Traditional funds futures only net long for corn was not a record for the week ending 4/13 as the net long position fell short of estimates by a large 47,900 contracts. Traditional funds for corn futures only were net long 543,286 contracts, short of its record net long of 547,677 contracts established 1/26/2021. 
• Managed money futures and options combined in corn was not a record net long but close to it.  At 401,993 net long contracts, it did take out the short-term net long position of 395,584 established two weeks earlier and has not been above 400,000 since January 21, 2011.  Record net long position was 429,189 net long contracts as of 10/1/2010.
• Traditional funds futures and options combined for corn was net long 526,059 just short of its record 557,581 net long position established 1/12/21. 
• The funds futures only net long position for Chicago wheat and soybean meal fell short of expectations and soybeans and soybean oil were little more long than expected. 

 

 

 

 

 

 

SUPPLEMENTAL      Non-Comm               Indexes                  Comm

                        Net        Chg        Net        Chg        Net        Chg

Corn               375,789     20,046    413,405     -1,031   -758,138    -18,805

Soybeans           102,025    -12,466    171,422       -645   -270,214     13,196

Soyoil              53,275      6,640    115,253     -5,264   -186,200        -74

CBOT wheat         -40,459     -4,984    160,376      4,991   -107,696       -738

KCBT wheat            -369      2,701     62,700      1,639    -62,471     -5,681

=================================================================================

 

FUTURES + OPTS     Managed                 Swaps              Producer

                        Net        Chg        Net        Chg        Net        Chg

Corn               401,993     15,374    240,603      5,269   -735,606    -21,700

Soybeans           142,258    -12,048     71,142     -2,566   -240,245     16,274

Soymeal             43,830    -17,514     74,845      4,598   -167,463     12,536

Soyoil              81,165      4,128    102,844      2,471   -211,533     -4,348

CBOT wheat         -13,217     -5,634     92,307      1,997    -89,525      1,602

KCBT wheat          11,028     -3,482     45,267      3,488    -56,627     -7,781

MGEX wheat           9,680      4,197      4,233       -211    -19,991     -5,575

                 ———- ———- ———- ———- ———- ———-

Total wheat          7,491     -4,919    141,807      5,274   -166,143    -11,754

 

Live cattle         87,231     -4,654     85,639          3   -180,855      2,978

Feeder cattle        5,781       -334      7,567        102     -3,294        202

Lean hogs           77,960      1,027     58,678       -346   -146,133       -897

 

                      Other             NonReport                  Open

                        Net        Chg        Net        Chg   Interest        Chg

Corn               124,067      1,267    -31,056       -210  2,448,675     83,716

Soybeans            30,080     -1,575     -3,233        -84  1,208,328     15,222

Soymeal             19,994      2,225     28,794     -1,845    477,525        998

Soyoil               9,851       -952     17,672     -1,300    598,089     -5,747

CBOT wheat          22,656      1,304    -12,221        731    528,463     28,132

KCBT wheat             192      6,434        140      1,342    238,080    -11,183

MGEX wheat             -12      1,027      6,090        561     83,605      1,848

                 ———- ———- ———- ———- ———- ———-

Total wheat         22,836      8,765     -5,991      2,634    850,148     18,797

Live cattle         22,560      1,842    -14,574       -168    381,970     -2,813

Feeder cattle        3,519       -694    -13,574        724     52,020       -493

Lean hogs           15,255       -419     -5,759        635    366,677      3,628

Source: CFTC, Reuters and CFTC