Mumbai (Commoditiescontrol): Commitment of Traders Report – 6 February 2016
Commitment of Traders Report was released yesterday 6 February 2016. Positions reported are as on 2 February 2016
Soybean Meal – CBOT
|
CBOT Soy Bean Meal
|
Total Open Interest
|
Percentage Change
|
Total Reportable
|
|
Open Interest
|
|
|
|
|
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
|
All
|
470699
|
-1.09
|
-7999
|
-6504
|
-14707
|
|
Futures starting in October and before
|
402144
|
-1.61
|
-8701
|
-7631
|
-12670
|
|
Subsequent Futures
|
68555
|
2.06
|
702
|
1126
|
-2036
|
(Futures starting October and before represents the old crop. Subsequent futures represent the new crop)
Soybean Meal saw reduction in open interest in the old crop contracts and addition of open interest in the new crop contracts. Market was net short in soy bean meal. Addition to both long and short positions were seen in the new crop with shorts outnumbering the longs.
|
CBOT Soy Bean Meal
|
Commercials
|
|
Open Interest
|
Hedgers
|
Swap Dealers
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
|
All
|
-2798
|
4340
|
-23193
|
1899
|
15
|
49251
|
-1437
|
|
Futures starting in October and before
|
-3174
|
3659
|
-25724
|
1841
|
14
|
47065
|
-1553
|
|
Subsequent Futures
|
377
|
681
|
2531
|
30
|
-27
|
2186
|
145
|
Hedgers were net short in the old crop futures but were net long in the new crop futures. Long positions were reduced and short positions added in the old crop futures. New crop futures saw net long positions. Addition of both long and short positions was seen with short positions being far larger than long.
Swap Dealers were net long with very minimal short positions. Further addition to long positions was seen. Reduction in calendar spread positions were also seen in the old crop futures while new crop futures saw marginal addition in calendar spread positions.
|
CBOT Soy Bean Meal
|
Non-Commercials
|
|
Open Interest
|
Managed Money
|
Other Reportable
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
Net Spreading Positions
|
|
All
|
-4502
|
-9625
|
-33199
|
498
|
-1236
|
128
|
-7565
|
-425
|
|
Futures starting in October and before
|
-4322
|
-9300
|
-28243
|
275
|
-1383
|
-341
|
-5768
|
-384
|
|
Subsequent Futures
|
49
|
-96
|
-4956
|
-5
|
32
|
354
|
-1797
|
75
|
Managed money chose to be net short in the market. Old crop futures saw reduction in both long and short positions. However in the new crop futures very nominal addition to longs and reduction from shorts was seen.
Other reportable positions were also net short in the market. Reduction in old crop futures in both long and short positions was witnessed. In the new crop futures, larger additions to short positions were seen as compared to long positions.
|
CBOT Soy Bean Meal
|
Non- Reportable Positions
|
|
Open Interest
|
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
|
All
|
2810
|
1314
|
14707
|
|
Futures starting in October and before
|
2126
|
1056
|
12670
|
|
Subsequent Futures
|
684
|
259
|
2036
|
Non- reportable positions were net long in the market. Addition to long positions was far larger than addition to short positions.
|
Percentage of Open Interest Held by 4 or Less Traders
|
|
|
Long
|
Short
|
|
All
|
9.8
|
19.9
|
|
Futures starting in October and before
|
10.9
|
21.5
|
|
Subsequent Futures
|
19.8
|
30.9
|
4 or less large trader held larger short positions than long positions.
.bmp)
Source: CFTC
Outlook
Though market is predominantly short, non-reportable positions being long is little intriguing. What is clear is reduction in open interest in old crop futures and lower activity in the new crop futures. Though trend for now is downward, longs in non-reportable positions maybe a give away to price outlook in the medium term. Some clarity in price direction will hopefully be seen by the next COT report.
(By Commoditiescontrol Bureau; +91-22-40015523)
0 Comments 
Post Comment 
