PDF attached
Money managers were not as long in corn but were much more long than expected for soybeans, soybean oil, meal and Chicago wheat. This comes after they reduced long positions for the major agricultural commodities for the week ending 6/15. We see this as slightly supportive, but with the one business day in reporting, some traders may look past the positions as we are four trading days beyond actual data.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 213,016 -23,542 432,760 5,983 -606,016 35,404
Soybeans 61,643 -33,417 184,081 32 -236,409 45,354
Soyoil 40,429 -14,309 122,040 -1,373 -177,669 17,979
CBOT wheat -44,886 -8,252 160,564 2,423 -107,435 7,539
KCBT wheat 1,944 -3,096 62,228 -299 -59,161 6,635
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 252,730 -22,868 239,446 3,649 -567,686 35,964
Soybeans 107,492 -33,991 86,751 1,318 -208,124 46,900
Soymeal 19,092 -7,628 87,809 3,648 -154,785 7,402
Soyoil 67,226 -14,093 118,141 3,737 -201,079 15,364
CBOT wheat -8,396 -7,022 76,762 128 -77,838 8,699
KCBT wheat 17,487 -2,226 43,084 1,902 -52,907 5,206
MGEX wheat 15,298 1,708 3,301 -635 -27,909 141
———- ———- ———- ———- ———- ———-
Total wheat 24,389 -7,540 123,147 1,395 -158,654 14,046
Live cattle 63,573 10,633 86,205 -184 -161,038 -7,769
Feeder cattle 4,378 1,105 6,756 97 -1,249 -89
Lean hogs 86,503 1,882 63,768 337 -155,685 -1,880
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 115,268 1,100 -39,760 -17,846 2,538,875 -20,169
Soybeans 23,196 -2,257 -9,315 -11,969 1,165,967 -29,894
Soymeal 21,322 -1,903 26,562 -1,519 468,746 5,463
Soyoil 511 -2,709 15,201 -2,298 662,386 -5,074
CBOT wheat 17,714 -95 -8,243 -1,710 532,513 7,918
KCBT wheat -2,654 -1,642 -5,010 -3,239 222,545 -5,092
MGEX wheat 1,129 -49 8,181 -1,164 88,059 -451
———- ———- ———- ———- ———- ———-
Total wheat 16,189 -1,786 -5,072 -6,113 843,117 2,375
Live cattle 24,402 751 -13,142 -3,430 341,491 2,474
Feeder cattle 2,024 460 -11,909 -1,572 49,444 57
Lean hogs 15,202 1,005 -9,788 -1,344 389,751 8,034
=================================================================================
Source: Reuters, CFTC, & 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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CommitFI062121.pdf