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Outside Investors Still Hold Large Net Long Soybean Oil Futures, Options Position, CFTC Says

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Money managers continue to trim their net long positions in the soybean oil futures and options markets, but remain bullish on the D4 and D6 Renewable Identification Numbers, and ethanol 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 June 16, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 63,956 contracts, while producers/merchants/processors/users or physical market participants are net short by 80,624 contracts.

The COT report showed that money managers are net long by 1,351 contracts in the D6 RINs Current Year futures and options markets, and physical market participants are net long by 272 contracts.

In the D4 biodiesel RINs Current Year futures and options markets, money managers hold a net long position of 1,676, while industry participants are net long by 272 contracts.

For ethanol, money managers are net long by 5,334 contracts, while commercial market participants are net short by 5,977 contracts.

Money managers are net long soybean oil futures and options by 122,914 contracts, while industry participants are net short by 199,762 contracts.

Money managers are net short Malaysian palm oil futures by 3,344 contracts, while commercial traders are net long by 8,009 contracts.

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