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Money Managers Stay Bullish in the Biofuels Markets, CFTC Says

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

The weekly COT Report, as of the week ending August 4, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 59,631 contracts, while producers/merchants/processors/users or physical market participants are net short by 83,375 contracts.

The COT report showed that money managers are net long by 614 contracts in the D6 RINS Current Year futures and options markets. Industry participants are net long by 550 contracts.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 1,695 while physical market participants are net short by 3,534 contracts.

For ethanol, money managers are net long by 5,590 contracts, while industry participants are net short by 4,252 contracts.

Money managers are net long soybean oil futures and options by 80,681 contracts, while commercial market participants are net short by 172,471 contracts.

Money managers are net short Malaysian palm oil futures by 3,475 contracts, while industry participants are net long by 6,857 contracts.

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