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Outside Investors Trim Net Long Positions in Soybean Oil, D4 Biodiesel RINS, California LCFS, CFTC Says

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Money managers cut their net long positions in the soybean oil, D4 Renewable Identification Numbers, and California Low Carbon Fuel Standard 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 26, showed that money managers are net long, a bet that the market will go higher, in the California LCFS market by 64,256 contracts, slightly below 64,345 contracts a week ago.

The COT report showed that money managers added to their net long position to 1,590 contracts in the D6 RINS Current Year futures and options markets. That is up from 670 net long contracts a week ago.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 1,942, down from 2,245 a week ago.

For ethanol, money managers are net long by 6,436 contracts, up from 5,088 contracts a week ago in the futures and options markets.

Money managers are net long soybean oil futures and options by 141,418 contracts, down from 156,434 contracts a week ago.

Money managers are net short Malaysian palm oil futures by 2,640 contracts, up from 1,890 contracts a week ago.

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