From: Terry Reilly
Sent: Friday, August 03, 2018 6:12:45 PM (UTC-06:00) Central Time (US & Canada)
Cc: Terry Reilly
Subject: FI Ag Commitment of Traders 08/03/18
PDF attached
CFTC Commitment of Traders Report
· Chicago wheat, futures only position for traditional funds was a record net long 75,028 contracts as of 7/31, taking out 8/21/12.
· For the week ending July 31, traditional funds were buyers of corn, Chicago wheat, KC wheat and MN wheat. Futures only for soybeans traditional funds sold a little and bought a small amount in the futures and options positions.
· For managed money, funds were large buyers of corn, bought a good amount of Chicago wheat and added longs to KC wheat.
· Traditional funds were about 16k less long in corn that trade expectations, 22k more short in soybeans were the traditional funds posted a short position of 14,100, heavier buyers in Chicago wheat than anticipated and didn’t sell as much meal as the daily estimate of funds suggested.
· We estimate the funds futures only for traditional funds going home on Friday at net long 118k corn, net short 24k soybeans, net long 88k meal, net short 56k soybean oil, and net long 84k wheat.
· Traditional funds futures only in soybean oil hold a near record short position. (55.1 short 8/1/13). For options combined the record short was hit three weeks ago. Managed money positions for soybean oil are also near record net short.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International │190 S LaSalle St., Suite 410│Chicago, IL 60603
W: 312.604.1366
AIM: fi_treilly
ICE IM: treilly1
Skype: fi.treilly
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CommitFI080318.pdf