PDF attached
CFTC Commitment of Traders
No records as of Tuesday and it looks like there is room for more longs to enter the market by the investment funds. We are pleased the net positions came in near expectations as over the past two weeks the estimated fund position for corn was well from what was reported by CFTC. Estimates were less long in corn and soybean oil, but that can be overlooked after three solid days of higher prices. Current position estimates below.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 354,564 18,933 415,765 1,934 -747,827 -14,166
Soybeans 126,299 -7,612 186,986 3,932 -311,142 9,127
Soyoil 49,670 -7,637 124,621 3,826 -193,385 3,642
CBOT wheat -19,723 -1,214 159,157 -1,174 -130,895 425
KCBT wheat 14,929 1,401 68,750 85 -81,668 -517
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FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 372,548 -6,115 239,526 -247 -722,640 -12,043
Soybeans 174,799 -5,215 82,482 11,336 -283,920 -296
Soymeal 54,150 63 77,788 3,131 -187,651 899
Soyoil 87,505 -5,082 106,969 1,212 -211,095 7,736
CBOT wheat 10,723 -2,675 79,382 -1,442 -103,412 2,516
KCBT wheat 34,000 3,961 43,111 -2,293 -75,020 -300
MGEX wheat 15,906 1,826 3,871 391 -30,864 -2,429
———- ———- ———- ———- ———- ———-
Total wheat 60,629 3,112 126,364 -3,344 -209,296 -213
Live cattle 48,865 -6,031 86,685 1,142 -151,608 6,389
Feeder cattle -913 -1,592 6,808 -955 -1,072 1,502
Lean hogs 71,577 460 60,900 1,764 -140,802 -4,349
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 133,068 25,105 -22,502 -6,699 2,438,342 39,113
Soybeans 28,783 -377 -2,145 -5,448 1,139,988 -27,115
Soymeal 26,589 165 29,125 -4,258 457,234 -2,061
Soyoil -2,472 -4,035 19,094 169 585,496 13,306
CBOT wheat 21,847 -362 -8,540 1,963 544,240 -4,126
KCBT wheat -78 -399 -2,013 -969 241,762 4,547
MGEX wheat 2,900 -402 8,187 613 82,141 -2,346
———- ———- ———- ———- ———- ———-
Total wheat 24,669 -1,163 -2,366 1,607 868,143 -1,925
Live cattle 23,800 -763 -7,741 -737 375,020 -2,075
Feeder cattle 3,822 -111 -8,646 1,156 55,296 -258
Lean hogs 14,130 285 -5,804 1,841 358,691 15,043
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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CommitFI050721.pdf