National Futures and Financial Weekly


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Composite Sample Issue

THE CONSENSUS BI-WEEKLY REPORT OF
COMMITMENT OF TRADERS IN FUTURES MARKETS
Released from Commodity Futures Trading Commission on February 22, 2000.
Reporting positions as of February 25, 2000.
Copyright © Consensus, Inc., February 25, 2000

REPORTABLE POSITIONS NON-COMMERCIAL

REPORTABLE POSITIONS COMMERCIAL

TOTAL REPORTABLE POSITIONS

TOTAL NON-REPORTABLE POSITIONS

Introduction

The tables included in this report provide a breakdown of each Tuesday's open interest for markets in which five or more traders hold positions equal to or above the reporting levels established by the Commodity Futures Trading Commission. The tables show open interest separately by reportable and nonreportable positions. For reportable positions, additional data is provided on commercial and noncommercial holdings, spreading, and numbers of traders.

Explanatory Notes

Open Interest–A futures contract is said to be open when it has been entered into and not yet liquidated by an offsetting transaction or fulfilled by delivery. Contracts that are open are referred to as Open Interest. The aggregate of all long open interest is equal to the aggregate of all short open interest.

Open interest as reported to the Commission and as used in this table does not include open futures contracts against which notices of deliveries have been stopped by a trader or issued by the clearing organization of an exchange. Open interest held or controlled by a trader is referred to as that trader's futures position.

Reportable Positions–Clearing members, FCMs and foreign brokers are required to make daily reports to the Commission showing each trader's positions on their books that, in any future month of a commodity, exceed the reporting level as shown below. Open interest figures show the aggregate positions reported by all clearing members, FCMs and foreign brokers. Positions of individual traders are classified either as noncommercial or commercial. All of a trader's reported futures positions in a commodity are classified as commercial if the trader uses futures contracts traded in the particular commodity for hedging as defined in the Commission's regulations.

Nonreportable Positions–Traders' positions that are below the reporting levels are classified as nonreportable. The aggregate long and short open interest shown as nonreportable positions are derived by subtracting reported positions from the total open interest. Accordingly, for nonreportable positions, the number of traders involved and the commercial/noncommercial classification of each trader are unknown.

Spreading–Spreading includes each trader's reported long and short positions in the same market to the extent they are balanced without regard to which crop year/calendar year is involved.

Percentages of Open Interest; Numbers of Traders–In determining the total number of traders, a trader's long and/or short position is counted only once regardless if the trader appears in more than one category (noncommercial long or short only, noncommercial spreading, and commercial). In determining the number of traders in each category, a trader is counted as a long and/or short for each category in which the trader holds a position.

Basic data provided by the Commodity Futures Trading Commission. Computations and illustration of data by Consensus,Inc.
 


Commodity 
Reporting
Level 
First
Future 
Last
Future
Wheat–Winter  100 Ctrs.  July  May 
Wheat–Spring  100 Ctrs.  September  July 
Corn  150 Ctrs.  December  September 
Oats  60 Ctrs.  July  May 
Soybeans  100 Ctrs.  September  August 
Rice  25 Ctrs.  September  July 
Soybean Oil  175 Ctrs.  October  September 
Soybean Meal  175 Ctrs.  October  September 
Live Hogs  50 Ctrs.  December  October 
Frzn Pork Bellies  25 Ctrs.  February  August 
Cotton (NY)  50 Ctrs.  October  July 
Cocoa  100 Ctrs.  December  September 
Coffee  50 Ctrs.  December  September 
FCOJ  25 Ctrs.  January  November 


 


Commodity 
Reporting
Level

Commodity 
Reporting
Level
Sugar No. 11  300 Ctrs.  Sugar No. 14  100 Ctrs. 
Cattle–Live  100Ctrs.  Cattle–Feeder  50 Ctrs. 
Treasury Bonds Long-Term  500 Ctrs.  Treasury Bills 13-week  150 Ctrs. 
Treasury Notes Long-Term  500 Ctrs.  Treasury Notes Medium-Term  300 Ctrs. 
Treasury Notes Short-Term  200 Ctrs.  Federal Funds  100 Ctrs. 
Libor Rate  100 Ctrs.  Interest Rate (30-day)  100 Ctrs. 
Interest Rate Swaps  25 Ctrs.  Mortgages  100 Ctrs. 
Foreign Currency  200 Ctrs.  Mark/Yen Cross Rate  25 Ctrs. 
Eur. Cur. Unit  25 Ctrs. 
Cert. of Deposit  25 Ctrs.  Eurodollars 850 Ctrs. 
Corporate Bond  25 Ctrs.  Propane Gas  25 Ctrs. 
Crude Oil Light Sweet  300 Ctrs.  Crude Oil Sour  25 Ctrs. 
Heating Oil  250 Ctrs.  Unleaded Gasoline  150 Ctrs. 
Natural Gas  100 Ctrs.  Copper  100 Ctrs. 
Aluminum  25 Ctrs.  Silver  150 Ctrs. 
Gold  200 Ctrs.  Palladium  25 Ctrs. 
Platinum  50 Ctrs.  Lumber  25 Ctrs. 


 


Commodity 
Reporting
Level

Commodity 
Reporting
Level
INDICES  Amex-MMI  100 Ctrs. 
CRB Index  25 Ctrs.  Eurotop  25 Ctrs. 
Municipal Bonds  25 Ctrs.  Nikkei  50 Ctrs. 
NYSE Compos.  50 Ctrs.  Russell 200  25 Ctrs. 
S&P 400 MIDCAP  25 Ctrs.  S&P 500  300 Ctrs. 
U.S. Dollar Index  50 Ctrs.  VLA  50 Ctrs. 

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Copyright 2001 by Consensus, Inc.

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CONSENSUS, Inc. and Investors Co-op
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