Mumbai (Commoditiescontrol): Commitment of Traders Report – 6 February 2016
Commitment of Traders Report was released yesterday 5 February 2016. Positions reported are as on 2 February 2016
Soybean Oil – CBOT
|
CBOT Soy Bean Oil
|
Total Open Interest
|
Percentage Change
|
Total Reportable
|
|
Open Interest
|
|
|
|
|
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
|
All
|
459602
|
2.00
|
6895
|
7512
|
-12835
|
|
Futures starting in October and before
|
394236
|
1.64
|
4153
|
5254
|
-9748
|
|
Subsequent Futures
|
65365
|
4.21
|
2742
|
2258
|
-3087
|
(Futures starting October and before represents the old crop. Subsequent futures represent the new crop)
Soy Bean Oil saw modest gains in open interest as on week ended 2 February 2016. Overall market was net short. Additions to both short and long positions were seen with almost the same intensity with short positions being marginally ahead.
|
CBOT Soy Bean Oil
|
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
|
7161
|
11271
|
-147781
|
1862
|
-87
|
66931
|
-2589
|
|
Futures starting in October and before
|
6406
|
9128
|
-138069
|
1420
|
-156
|
59328
|
-2377
|
|
Subsequent Futures
|
756
|
2143
|
-9711
|
259
|
-114
|
7603
|
-29
|
Hedgers were net short in the market. Though long and short positions were added by them, addition of shorts far outnumbered long positions.
Swap Dealers were net long in the market. They continued to add to long positions and reduced short positions. Reduction of positions in calendar spreads was also seen.
|
CBOT Soy Bean Oil
|
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
|
4985
|
3123
|
50411
|
-5345
|
1147
|
1463
|
17604
|
-325
|
|
Futures starting in October and before
|
4664
|
3325
|
46615
|
-5325
|
1144
|
2438
|
22379
|
-1778
|
|
Subsequent Futures
|
282
|
-240
|
3796
|
19
|
1523
|
546
|
-4776
|
-67
|
Managed money was also net long in the market. However, both long and short positions were added in the old crop futures. New crop futures saw addition to long positions and reduction of short positions. Reduction in calendar spread positions was witnessed.
Other reportable positions were also net long in the market. However, pace of adding short positions was greater in the old crop. New crop saw larger addition to long positions. Reduction in calendar spread was witnessed.
|
CBOT Soy Bean Oil
|
Non- Reportable Positions
|
|
Open Interest
|
|
|
|
|
|
Change in Long Positions
|
Change in Short Positions
|
Net (Long-Short)
|
|
All
|
2097
|
1480
|
12835
|
|
Futures starting in October and before
|
2198
|
1098
|
9747
|
|
Subsequent Futures
|
-102
|
382
|
3088
|
Non-reportable positions were no different and were net long in the market. Addition of long positions was greater than addition of short positions. However in the new crop small reduction was seen in long positions.
|
Percentage of Open Interest Held by 4 or Less Traders
|
|
|
Long
|
Short
|
|
All
|
7.2
|
27.8
|
|
Futures starting in October and before
|
8
|
29.9
|
|
Subsequent Futures
|
18.2
|
27.7
|
4 or less large traders however had a larger concentration in short positions.
.bmp)
Source: CFTC
Outlook
Barring the 4 large traders who have larger short positions mostly belonging to the hedger’s category, the rest of the market is predominantly long. Hence we would expect prices to increase in the coming weeks.
(By Commoditiescontrol Bureau; +91-22-40015523)
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