PDF attached
CFTC Commitment of Traders
We see no price implications from the results of the CFTC Commitment of Traders report. Funds were a little less long for corn and soybeans and more long for Chicago wheat, but given the high open interest, discrepancies are small, in out opinion. Funds have room to rebuild long positions.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 159,115 -24,711 440,558 -1,736 -547,126 24,079
Soybeans 27,395 -3,614 171,047 2,771 -183,479 154
Soyoil 19,310 903 118,277 -6,735 -144,943 6,565
CBOT wheat -46,724 -8,276 149,615 -7,258 -87,740 18,464
KCBT wheat 3,979 -3,972 64,298 2,341 -65,659 861
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 219,371 -26,063 251,219 1,038 -513,343 23,711
Soybeans 82,180 5,923 81,797 -948 -159,245 1,837
Soymeal 20,964 5,151 89,608 64 -152,881 -4,470
Soyoil 48,174 0 110,254 -3,429 -163,964 6,501
CBOT wheat -13,617 -14,392 68,227 -4,481 -59,614 18,288
KCBT wheat 20,880 -1,844 44,169 1,265 -59,641 750
MGEX wheat 8,826 -1,143 2,841 -101 -24,979 3,158
———- ———- ———- ———- ———- ———-
Total wheat 16,089 -17,379 115,237 -3,317 -144,234 22,196
Live cattle 62,881 -2,843 87,158 1,637 -164,884 -883
Feeder cattle 7,829 664 5,931 -453 -1,692 54
Lean hogs 67,207 -462 62,995 -1,471 -130,935 5,390
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 95,301 -1,055 -52,547 2,368 2,095,646 32,551
Soybeans 10,230 -7,503 -14,962 690 945,291 18,630
Soymeal 17,300 -1,502 25,009 758 426,916 -4,265
Soyoil -1,819 -2,340 7,356 -732 575,457 -1,890
CBOT wheat 20,154 3,516 -15,150 -2,930 410,630 -6,547
KCBT wheat -2,790 -941 -2,619 770 200,791 6,421
MGEX wheat 1,441 -967 11,870 -948 80,503 -1,450
———- ———- ———- ———- ———- ———-
Total wheat 18,805 1,608 -5,899 -3,108 691,924 -1,576
Live cattle 26,925 983 -12,080 1,105 345,288 1,571
Feeder cattle 1,641 -112 -13,707 -153 53,478 3,032
Lean hogs 13,216 -1,584 -12,484 -1,872 335,768 -1,068
Source: CFTC, Reuters and 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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CommitFI070921.pdf