Reading Time: < 1 minute Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola
Net short position in canola continues to shrink
ICE Weekly: More room to the upside for canola
Reading Time: 2 minutes After the May contract on the Intercontinental Exchange (ICE) fell to its lowest level in two-and-a-half weeks, at C$615.70 per tonne on March 28, it jumped to rise above C$645 on April 2. However, the contract closed C$10 below their daily highs on both April 2 and 3.
ICE Canada Weekly: Canola set to rise, but not a sure thing
Reading Time: 2 minutes After incurring sharp losses on Tuesday and Wednesday, canola futures on the Intercontinental Exchange were poised for a turnaround to swing higher. MarketsFarm analyst Mike Jubinville suggested that cash prices on the Canadian Prairies should soon return to C$14 per bushel and maybe push as high as C$15.
Large fund short position shrinking in canola
Reading Time: < 1 minute Managed money fund traders continued to chip away at their large net short position in canola in mid-March, covering more of their large bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Weekly: Canola hitting highest levels since January
Reading Time: 2 minutes Nearly seven months of price pressures and fund selling creating a lengthy downturn have given way to canola trending higher for the first time in 2024.
Tightening canola ending stocks for 2024/25: AAFC
Reading Time: 2 minutes Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Speculators finally backing away from bearish bets in canola
Reading Time: < 1 minute Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Canada Weekly: Look for canola to ease back
Reading Time: 2 minutes At mid-March one broker said he expects canola prices on the Intercontinental Exchange to make their way lower for the balance of the month.
Canadian canola crush hit record in 2023: StatCan
Reading Time: < 1 minute Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Canola short position up again in early March
Reading Time: < 1 minute The net speculative short position in canola continued to rise in the first trading days of March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).