PDF attached
CFTC Commitment of Traders
There were no notable record positions this week. SBO prices have managed to climb substantially despite the net fun position unable to test its record long position established 2016. Managed money for corn is near a recent record. Managed money for Chicago wheat ticked higher with nearby prices at highs not seen since 2012. As we said in the past, we caution taking the daily estimate of funds literally, rather look at the momentum of buying. Funds estimates missed the corn position by most for the week ending April 27 in our recorded history dating back to 2012.
Speculators cut corn net long position-CFTC – Reuters News
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 335,631 -19,286 413,831 -2,948 -733,660 21,448
Soybeans 133,912 924 183,053 9,994 -320,269 -11,244
Soyoil 57,308 -3,850 120,794 5,846 -197,028 -1,566
CBOT wheat -18,508 6,831 160,331 1,671 -131,321 -10,531
KCBT wheat 13,528 6,699 68,666 5,058 -81,151 -9,838
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FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 378,663 -5,336 239,774 -1,299 -710,596 18,036
Soybeans 180,014 7,470 71,146 2,279 -283,625 -6,847
Soymeal 54,086 6,039 74,657 -532 -188,549 -7,517
Soyoil 92,587 2,595 105,756 2,752 -218,831 -146
CBOT wheat 13,399 11,816 80,823 -5,530 -105,929 -6,036
KCBT wheat 30,038 11,292 45,405 649 -74,720 -9,374
MGEX wheat 14,079 1,962 3,480 -189 -28,435 -2,995
———- ———- ———- ———- ———- ———-
Total wheat 57,516 25,070 129,708 -5,070 -209,084 -18,405
Live cattle 54,895 -16,424 85,543 -171 -157,997 10,079
Feeder cattle 679 -1,569 7,763 67 -2,574 230
Lean hogs 71,117 -2,129 59,136 -551 -136,454 3,188
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 107,963 -12,188 -15,803 785 2,399,229 -148,475
Soybeans 29,160 -3,229 3,303 327 1,167,102 -82,399
Soymeal 26,423 1,867 33,383 141 459,296 -17,824
Soyoil 1,562 -4,770 18,925 -431 572,191 -49,898
CBOT wheat 22,209 -2,280 -10,502 2,030 548,366 -196
KCBT wheat 321 -647 -1,044 -1,919 237,214 3,537
MGEX wheat 3,302 1,955 7,574 -733 84,487 2,877
———- ———- ———- ———- ———- ———-
Total wheat 25,832 -972 -3,972 -622 870,067 6,218
Live cattle 24,563 2,323 -7,004 4,193 377,095 -399
Feeder cattle 3,934 109 -9,802 1,162 55,554 2,643
Lean hogs 13,846 -74 -7,644 -433 343,649 2,684
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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CommitFI050221.pdf