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Outside Investors Hold Onto Bullish Sentiment in Biofuels Futures, Options Markets, CFTC Says

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-- Money managers maintain their bullish or net long positions in the biofuel futures and options markets, according to the Commodities Futures Trading Commission's weekly Commitments of Traders Report released Friday.

The weekly COT Report, as of the week ending April 28, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 60,714 contracts.

The COT report showed that money managers trimmed their net long position to 331 contracts, after cutting 771 long positions 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 3,453.

For ethanol, money managers are net long by 6,263 contracts in the futures and options markets.

Money managers are net long soybean oil futures and options by 165,725 contracts, after adding 2,347 longs and 2,066 short positions from a week ago.

Money managers are net short the Malaysian palm oil futures by 1,065 contracts.

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