PDF attached
CFTC Commitment of Traders
· As of 1/19/21
· Traditional funds futures only for corn were reported at 528,700 contracts, down from their recent record of 542,100 contracts as of 1/12 and were down 13,500 contracts form the previous week. The traditional futures and options combined fund position for corn was down 14,200 contracts to 243,200 contracts. Traditional funds were 28,400 contracts less short than expected.
· Traditional funds futures only for soybeans sold a less than expected 4,200 contracts, and the net position was 17,800 contracts more long than expected.
· Funds were a little more long than expected for wheat and soybean oil, and a little less than expected for soybean meal.
· Money managers added a large 69,000 contracts to the soybean meal futures only net position while they sold 6,800 contracts for futures and options combined. We may have to check to see if CFTC data is updated on Monday as this looks odd.
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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CommitFI012321.pdf