Short position in canola edges lower, while soybeans/corn rise. PHOTO Thinkstock

Short position in canola edges lower, while soybeans/corn rise

Reading Time: < 1 minute The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).



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Cereals withstood storms better: CCHA

Approximately 1,000 crop damage claims made from storms between June 23 and July 1

Reading Time: < 1 minute “Numerous early season storms have resulted in a number of claims for the industry,” CCHA Chairman Scott McQueen of Palliser Insurance said in a statement. “Cereals have generally fared better as many were hit in the grassy stages of development and minimal damage to the plant was caused with environmental conditions being favourable so that crops that were hit by hail are able to recover.”