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Money Managers Uphold Bullish Stance in Biofuels Futures, Options Markets, CFTC Says

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-- Money managers stay bullish or net long in the biofuel 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 May 5, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 61,602 contracts.

The COT report showed that money managers are net long by 467 contracts in the D6 RINS Current Year futures and options markets.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 3,620.

For ethanol, money managers are net long by 6,928 contracts in the futures and options markets.

Money managers are net long soybean oil futures and options by 169,142 contracts, after adding 4,000 long positions from a week ago.

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