Canola fund short position edges down, but still large

Reading Time: < 1 minute

Published: April 12, 2019

, ,

(Dave Bedard photo)

MarketsFarm — The large speculative short position in ICE Futures canola contracts only saw a minor adjustment during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC).

Managed money and other reportable speculators on Tuesday had a net short position of 55,694 contracts, down by about 2,000 from the previous week, according to the report.

Open interest in the canola market increased by roughly 2,000 contracts to 192,655 during the week.

At the Chicago Board of Trade the net fund short position in soybeans declined to 38,643 contracts, from 44,040 the previous week.

— Phil Franz-Warkentin writes for MarketsFarm, a Glacer FarmMedia division specializing in grain and commodity market analysis and reporting.

About The Author

Phil Franz-Warkentin

Phil Franz-Warkentin

Editor - Daily News

Phil Franz-Warkentin grew up on an acreage in southern Manitoba and has reported on agriculture for over 20 years. Based in Winnipeg, his writing has appeared in publications across Canada and internationally. Phil is a trusted voice on the Prairie radio waves providing daily futures market updates. In his spare time, Phil enjoys playing music and making art.

explore

Stories from our other publications