PDF attached
CFTC Commitment of Traders
Funds were less long than estimated for the 5 major CBOT commodities we follow on a daily basis, bit don’t see any price reaction from the positions as prices were back and forth Tuesday through Thursday before rallying Friday. Traditional funds and money managers added to their net long position in corn for the week ending 6/1, while decreased their net long positions for the soybean complex, by a small amount. Note for futures and options combined, open interest in corn was up sharply by 94,400 contracts while futures only open interest rose 15,000. Last week into Tuesday, corn option volume was heavy for a few of those days.
The meal/oil contract value had a large change over the short term but we don’t see a recovery until soybean oil prices cool.
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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CommitFI060421.pdf