Glacier FarmMedia — Speculative fund traders have added to their recently established net long position in canola, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, Feb. 27.
Why it matters: A large fund position can sway the futures markets
The net managed money long position in canola futures came in at 26,844 contracts as of Feb. 24 (71,072 long/44,228 short), up by about 21,000 contracts on the week due to a combination of short covering and new bullish bets going on the books. That marked the largest net long position since August 2025.
Read Also
China slashes anti-dumping tariff on Canadian canola in final ruling
China on Saturday sharply reduced its tariff rate on Canadian canola seed in the final ruling of a 17-month anti-dumping investigation, following a thaw in relations between Beijing and Ottawa.
Total open interest in canola futures dipped to 296,019 contracts from 305,730 the previous week.
U.S. futures
Fund traders grew their net long position in soybeans at the Chicago Board of Trade by roughly 12,000 contracts, with the net long rising to about 171,400 contracts.
The net short position in corn came in at about 13,200 contracts on Feb. 24, down by 30,000 contracts on the week.
In wheat, the Chicago soft wheat market reported a net short position of 17,800 contracts — down by about 52,000 contracts from the previous week as bullish chart signals had speculators covering short positions and putting on new longs.
Hard red winter wheat moved from a net short of about 11,100 to a net long of 6,300 contracts. That marked the first net long fund position for the market in two-and-a-half years. In MIAX spring wheat, the managed money net short position was cut from about 18,700 contracts to 9,800.
