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Outside Investors Add to Bullish Bets in the Biofuels Futures, Options Markets, CFTC Says

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Money managers extend 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 Commodity Futures Trading Commission's weekly Commitments of Traders Report.

The weekly COT Report, as of the week ending July 21, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,294 contracts, while producers/merchants/processors/users or physical market participants are net short by 80,314 contracts.

The COT report showed that money managers are net long by 960 contracts in the D6 RINs Current Year futures and options markets. Industry participants are net short by 200 contracts.

In the D4 Biodiesel RINs Current Year futures and options markets, money managers hold a net long position of 1,802, while physical market participants are net short by 2,301 contracts.

For ethanol, money managers are net long by 5,423 contracts, while industry participants are net short by 4,075 contracts.

Money managers are net long soybean oil futures and options by 125,348 contracts, while commercial market participants are net short by 211,314 contracts.

Money managers are net short Malaysian palm oil futures by 4,175 contracts, while industry participants are net long by 7,308 contracts.

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