Reading Time: < 1 minute Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Fund short position grows in canola
Canola net short position edges lower
Reading Time: < 1 minute The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their 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 Council of Canada elects Ritter chair
Two director seats change hands at CCC AGM
Reading Time: < 1 minute Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.
ICE weekly outlook: Canola seeking a catalyst
Soyoil has been weaker than expected, pressuring canola, analyst says
Reading Time: 2 minutes Canola prices on the Intercontinental Exchange (ICE) went up during the week ended Feb. 28, but signs of upcoming extended rallies are hard to come by.
ICE Canada weekly outlook: Markets to react to Nvidia earnings report
Tech giant, while unrelated to crops, asserts gravitational pull on markets
Reading Time: < 1 minute The path canola as well as other commodities will very likely be determined by the latest earnings report from technology giant, Nvidia, according to analyst Errol Anderson of Errol’s Commodity Wire in Calgary, Alta.
A message from April Stewart, Country Guide's Associate Editor
