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Outside Investors Mostly Add Bullish Positions in Biofuels' Futures, Options Markets, CFTC Says

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Money managers mostly added to 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 May 12, showed that money managers are net long, a bet that the market will go higher, in the California LCFS market by 62,975 contracts, up from 60,714 contracts a week ago.

The COT report showed that money managers added to their net long position to 1,078 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 2,473, down from 3,453 a week ago.

For ethanol, money managers are net long by 6,601 contracts, up from 6,263 contracts a week ago in the futures and options markets.

Money managers are net long soybean oil futures and options by 162,287 contracts, down from 165,725 contracts a week ago.

Money managers are net short Malaysian palm oil futures by 1,335 contracts, up from 1,065 contracts a week ago.

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