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Outside Investors Remain Bullish in Biofuels Markets, CFTC Says

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Money managers stay 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 Aug. 11, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,824 contracts, while producers/merchants/processors/users or physical market participants are net short by 86,297 contracts.

The COT report showed that money managers are net long by 918 contracts in the D6 RINS Current Year futures and options markets. Industry participants are net short by 201 contracts.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 1,562 contracts, while physical market participants are net short by 3,801 contracts.

For ethanol, money managers are net long by 5,735 contracts.

Money managers are net long soybean oil futures and options by 80,922 contracts, while commercial market participants are net short by 179,402 contracts.

Money managers are net short Malaysian palm oil futures by 3,755 contracts, while industry participants are net long by 7,117 contracts.

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