Config.
Marché
Rapport
Unité

COT CBOT Soybean Oil

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Oilseeds · CBOT

What is CBOT soybean oil?

Soybean oil

Satellite of CBOT Soybeans

A long means…

Exposure to a rise in deliverable crude soybean oil — the oil leg of the crush, food and biofuel.

What is this?

Soybean oil is the fat coproduct of the crush: crude oil, not refined, and not a biodiesel contract. It goes into food — table oils, margarine — and, in the United States, into biomass-based diesel (biodiesel and renewable diesel), which now takes nearly half of production. The CBOT future delivers via warehouse receipt: the long owns crude oil in a regular Midwest warehouse. Crushing more beans for fuel also produces more meal: the two legs do not move together.

Crushers hedge the oil they sell; food companies and biofuel producers hedge the purchase cost.

Pitfalls

  • 60,000 lb, cents/lb.
  • Not palm oil.
  • Not a biodiesel future.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.