Markets Extra

Hedge fund positions in numbers for week to July 14

Markets Extra19 Jul 2020by Markets Extra

Below, details of the shifts in managed money positioning in US-traded agricultural commodities, in the week to Tuesday July 14.

Data are for futures and options combined, and sourced from the Commodity Futures Trading Commission.

The previous week’s data are available by clicking here.

Hedge funds’ net positioning in grains and oilseeds
Contract	Net long position (contracts)	Week-on-week change (contracts)
Chicago soybeans	65,975	-33,268
Chicago soyoil	10,198	-9,220
Chicago wheat	-8,327	+25,202
Kansas City wheat	-23,566	+9,106
Chicago soymeal	-30,451	-8,541
Chicago corn	-133,625	+8,116

Hedge funds’ net positioning in New York-traded soft commodities
Contract	Net long position (contracts)	Week-on-week change
Raw sugar	78,518	-1,724
Cotton	29,817	+8,297
Arabica coffee	-24,776	-1,980
Cocoa	-28,077	-6,991

Hedge funds’ net positioning in Chicago-traded livestock
Contract	Net long position (contracts)	Week-on-week change (contracts)
Live cattle	21,678	-1,230
Lean hogs	10,460	+3,825
Feeder cattle	1,472	-107

Hedge funds’ net positioning, by sector
Contract	Net long position (contracts)	Week-on-week change (contracts)
Soft commodities	55,482	-2,398
Livestock	33,610	+2,488
Grain and oilseeds	-119,796	-8,605
Overall position	-30,704	-8,515

* = most extreme on data going back to 2006

The likes of corn and wheat trade lower in closing deals of a positive week. But the vegetable oil complex, and canola, stay strong

There has been some movement at last in the new soybeans-versus-corn price ratio, seen as an influence on sowing area. Cotton stakes its claim too

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