PDF attached
CFTC Commitment of Traders as of March 7
Another week where the traditional (funds) net corn position was much less long than expected at 103,300 contracts (futures only). Unlike the previous week, open interest was actually up. Note the combined five-day net fund estimates for corn were flat for the week ending 3/7, so the data is questionable after the traditional futures only position dropped a large 39,900 contracts. For traditional futures and options combined, funds were net long 74,400 contracts versus 119,600 previous week. Meanwhile, the money manager position for corn was also down sharply from the previous week and remains well below the net long traditional fund estimates (futures only). Money managers were only net long 15,600 corn contracts for futures only and net long 21,100 corn contracts for futures & options combined.
Reuters table
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn -19,613 -29,873 311,832 -17,695 -227,442 35,638
Soybeans 129,347 26,509 134,497 -4,264 -219,580 -25,190
Soyoil -5,194 -7,631 101,160 -603 -98,111 13,712
CBOT wheat -96,776 -6,240 87,284 -3,153 6,046 7,752
KCBT wheat -19,929 -5,702 43,462 -3,508 -21,752 8,147
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 21,058 -47,576 221,748 -3,310 -231,366 36,606
Soybeans 157,330 27,719 96,784 -5,689 -220,044 -22,914
Soymeal 155,063 15,093 80,013 -2,649 -274,619 -23,190
Soyoil 20,526 -7,567 102,266 1,823 -123,462 11,522
CBOT wheat -100,636 -8,995 64,264 -1,163 9,613 7,925
KCBT wheat -10,420 -10,757 36,302 -988 -23,572 7,831
MGEX wheat -3,029 -3,514 1,352 -1,005 -61 3,368
———- ———- ———- ———- ———- ———-
Total wheat -114,085 -23,266 101,918 -3,156 -14,020 19,124
Live cattle 112,605 156 47,773 1,393 -166,552 -3,290
Feeder cattle 10,284 3,616 1,657 -234 -1,162 -1,261
Lean hogs -2,079 -1,745 45,371 -73 -41,792 2,067
Other NonReport Open
Net Chg Net Chg Interest Chg
Corn 53,336 2,350 -64,777 11,930 1,564,601 41,643
Soybeans 10,193 -2,062 -44,264 2,945 816,692 27,082
Soymeal 19,837 3,564 19,707 7,182 496,776 34,590
Soyoil -1,475 -301 2,145 -5,477 479,009 15,719
CBOT wheat 23,315 593 3,446 1,641 432,751 25,423
KCBT wheat -528 2,851 -1,781 1,064 185,870 5,414
MGEX wheat 2,978 789 -1,240 362 55,131 1,229
———- ———- ———- ———- ———- ———-
Total wheat 25,765 4,233 425 3,067 673,752 32,066
Live cattle 20,680 1,920 -14,507 -179 437,250 -2,069
Feeder cattle 1,077 -791 -11,857 -1,329 70,818 6,210
Lean hogs -2,050 -2,057 549 1,808 289,063 5,884
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
| Futures International One Lincoln Center 18W140 Butterfield Rd. Suite 1450 Oakbrook terrace, Il. 60181 |
| Work: 312.604.1366 ICE IM: treilly1 Skype IM: fi.treilly |
| treilly@futures-int.com
|
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CommitFI031623.pdf