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Money Managers Little Changed in Net Long Positions in Biofuel Futures, Options Markets, CFTC Says

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Money managers make little changes to net long positions in the soybean oil futures and options markets, D4 and D6 Renewable Identification Numbers, and ethanol futures and options markets, according to the Commodities Futures Trading Commission's weekly Commitments of Traders Report.

The weekly COT Report, as of the week ending June 23, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,470 contracts, while producers/merchants/processors/users or physical market participants are net short by 79,273 contracts.

The COT report showed that money managers are net long by 1,504 contracts in the D6 RIN Current Year futures and options markets. The physical market participants are net long by 242 contracts.

In the D4 Biodiesel RIN Current Year futures and options markets, money managers hold a net long position of 1,705, while industry participants are net short by 2,167 contracts.

For ethanol, money managers are net long by 5,114 contracts, while commercial market participants are net short by 5,466 contracts.

Money managers are net long soybean oil futures and options by 103,589 contracts, while industry participants are net short by 185,980 contracts.

Money managers are net short Malaysian palm oil futures by 3,464 contracts, while the physical market participants are net long by 8,285 contracts.

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