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Soymeal Market Update CFTC Insights for Week Ending January 21, 2025

25 Jan 2025 2:39 pm
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Mumbai, 25 Jan (Commoditiescontrol):

📊 *Market Overview*

The latest CFTC Commitment of Traders (COT) report signals a bearish sentiment in the soymeal market. Managed money expanded its *net short positions*, reflecting cautious sentiment amid rising global supply pressures, export challenges, and speculative indecision.

*📌 Key Numbers at a Glance*

- *Managed Money Net Position: *-61,235 contracts** net short
- *Long Positions: Increased by *+890 contracts** to *54,026 contracts*
- *Short Positions: Increased by *+3,656 contracts** to *115,261 contracts*
- *Total Open Interest: Increased by *+12,080 contracts** to *640,584 contracts*
- *Managed Money Share of Open Interest: Longs: **8.4%, Shorts: **18.0%*

*🌍 Key Market Drivers*

- *South American Supply Surge*: Increased production in South America has added to the global soymeal surplus, creating downward pressure on prices.
- *Argentina’s Export Advantage*: The country’s reduction in export taxes has boosted its competitiveness in global markets, further challenging U.S. exports.
- *Weaker U.S. Export Demand*: Concerns over oversupply and declining export demand for U.S. soymeal continue to weigh on prices.

*📈 Market Implications*

✅ *Bearish Speculation*: Managed money’s rise in short positions underscores concerns over oversupply and weaker exports.
✅ *Speculative Indecision*: The simultaneous increase in both long and short positions highlights uncertainty among traders about future price trends.
✅ *Price Pressure Expected*: Rising South American supplies and Argentina’s favorable export policies are likely to keep prices under pressure.
✅ *Volatility Likely*: Higher open interest and shifting speculative activity suggest potential for short-term price fluctuations.

💡 *What to Watch*

Traders should closely monitor global trade flows, feed demand, and supply trends. With rising South American output and ongoing export competition, the soymeal market may face increased volatility in the short term.

For detailed insights and live updates, visit *Commoditiescontrol.com*.

(By Commoditiescontrol Bureau; +91-9820130172)


       
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