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FINWIRES

Outside Investors Add to Bullish Stance in Soybean Oil Futures, Options Markets, CFTC COT Says

-- Money managers remain bullish or net long in the soybean oil 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 Apr. 7, showed that money managers are net long, a bet that the market will go higher, in the California Low Carbon Fuel Standard market by 62,703 contracts. Producers, merchants, processors, and users are net short by 80,902 contracts, a bet that the market will go lower.

The COT report showed that money managers are holding a net long position of 1,650 contracts in the D6 Renewable Identification Numbers Current Year futures and options markets, while producers, merchants, processors, and users are net long by 1,322 contracts.

In the D4 Biodiesel RINS Current Year futures and options markets, money managers hold a net long position of 3,590, while producers, merchants, processors, and users are net short by 2,599 contracts.

For ethanol, money managers are net long the futures and options markets by 7,317 contracts. The producers, merchants, processors, and users are net short ethanol by 7,967 contracts.

Money managers are net long the soybean oil futures and options by 150,682 contracts, after adding 10,686 longs and cutting 4,187 short positions from a week ago. The producers, merchants, processors, and users are net short by 273,778 contracts.

Outside investors are net long the solar alternative energy credit market by 2,370 contracts, while the producers, merchants, processors, and users are net short by 8,345 contracts.

Money managers are net short the Malaysian palm oil futures by 579 contracts.

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