Mumbai, May 13, 2025 (CommoditiesControl.com): Managed Money intensified their bearish stance on Chicago Board of Trade (CBOT) SRW Wheat futures during the week ending May 13, 2025, according to the latest Commodity Futures Trading Commission (CFTC) Commitments of Traders (COT) report.
Managed Money significantly expanded their short positions by 15,949 contracts, reaching a total of 207,069 contracts. Meanwhile, their long positions saw a modest increase of 2,788 contracts, bringing the total to 80,174 contracts. Spreading positions also witnessed a notable rise of 9,944 contracts, concluding the week at 124,827 contracts. This led to a substantial week-over-week increase of 13,161 contracts in their net short position, pushing it to -126,895 contracts.
The overall open interest in SRW Wheat futures climbed by 5.47%, closing the week at 554,268 contracts. Managed Money's proportion of total open interest further underscored bearish sentiment, with their short positions constituting 37.4%, up from 36.4% the previous week.
Trader participation indicated sustained caution, as the number of traders holding short positions marginally increased to 78, while those maintaining long positions slightly declined to 57.
Collectively, these developments reflect escalating bearish expectations, driven largely by persistent global oversupply conditions and weaker market fundamentals.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
