PDF attached
CFTC Commitment of Traders report
Trade estimates for the traditional corn fund position were well off for the third week in a row, missing the net long position by 55,500 contracts (423k actual vs. 478k estimate). The traditional funds also were more short than expected in soybeans by a large 51,800 contracts. Traders also overestimated the soybean oil and meal positions for the week ending 11/10.
SUPPLEMENTAL Non-Comm Indexes Comm
Net Chg Net Chg Net Chg
Corn 299,382 -4,258 365,704 15,829 -626,638 -29,603
Soybeans 187,945 13,704 203,261 -3,395 -391,845 -17,578
Soyoil 69,898 -2,392 127,421 3,581 -217,130 -3,978
CBOT wheat 4,826 -14,700 137,071 -2,150 -126,652 14,358
KCBT wheat 23,044 -98 67,118 99 -91,009 -1,828
=================================================================================
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 280,835 -9,245 216,638 11,926 -594,179 -26,244
Soybeans 221,094 10,137 127,983 -9,700 -387,680 -16,852
Soymeal 83,798 -1,332 77,998 -5,656 -213,802 1,215
Soyoil 97,111 8,059 97,419 -1,806 -234,739 -2,096
CBOT wheat 32,633 -15,972 86,833 -2,044 -113,258 12,334
KCBT wheat 47,329 471 41,428 -3,317 -87,630 23
MGEX wheat 6,808 -360 2,944 295 -14,864 45
———- ———- ———- ———- ———- ———-
Total wheat 86,770 -15,861 131,205 -5,066 -215,752 12,402
Live cattle 27,987 11,920 68,958 -3,448 -108,871 -7,548
Feeder cattle -2,493 4,566 6,640 36 -2,263 -1,689
Lean hogs 33,935 -1,779 50,781 -1,395 -86,876 4,631
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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CommitFI111620.pdf