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Money Managers Remain Net Long in Biofuels Markets, CFTC says

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Money managers remain net long in soybean oil, D4 and D6 Renewable Identification Numbers, and ethanol futures and options, according to the Commodity Futures Trading Commission's weekly Commitments of Traders Report released Friday.

The weekly COT Report, as of the week ending Aug. 18, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,46 contracts, while producers/merchants/processors/users or physical market participants are net short by 85,942 contracts.

The COT report showed that money managers are net long by 588 contracts in the D6 RINS Current Year futures and options markets. Industry participants are net short by 1,568 contracts.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 1,271 contracts, while physical market participants are net short by 3,340 contracts.

For ethanol, money managers are net long by 6,119 contracts.

Money managers are net long soybean oil futures and options by 98,237 contracts, while commercial market participants are net short by 201,719 contracts.

Money managers are net short Malaysian palm oil futures by 4,532 contracts, while industry participants are net long by 6,759 contracts.

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