Mumbai, May 13, 2025 (CommoditiesControl.com): Managed Money traders marginally reduced their bearish stance in soybean meal futures on the Chicago Board of Trade (CBOT) during the week ending May 13, according to the latest Commodity Futures Trading Commission (CFTC) Commitments of Traders (COT) report.
The net short position of Managed Money decreased by 712 contracts to 102,745, down 0.69% from the previous week's total of 103,457 contracts. Long positions rose by 1,958 contracts (+3.36%), while short positions recorded a modest increase of 1,246 contracts (+0.77%). Notably, spreading positions jumped significantly by 6,302 contracts (+6.72%), highlighting an increased preference for hedging or neutral positioning amid market uncertainty.
Overall open interest climbed by 16,611 contracts to 649,674, marking a weekly increase of 2.62%. Managed Money accounted for 9.3% of open interest in long positions (up 0.1 percentage point), 25.1% in short positions (down 0.4 percentage points), and 15.4% in spreading positions (up 0.6 percentage points).
Participation data indicated an increased number of Managed Money traders holding long positions, rising by four traders (+10.0%) to a total of 44. Conversely, the number holding short positions fell by five traders (-6.67%) to 70. The count of traders involved in spreading remained steady at 59.
Current positioning suggests ongoing bearish sentiment among Managed Money traders, although recent shifts point to cautious optimism and strategic realignment ahead of anticipated market developments. These adjustments are consistent with prevailing market conditions and seasonal supply-demand dynamics.
(By Commoditiescontrol Bureau; +91-9820130172)
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