Reading Time: < 1 minute MarketsFarm — Commodity fund traders were busy covering short positions in corn and canola during the week ended Oct. 8, and even moved to a small net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE […] Read more
Fund traders back away from bearish bets in grains, oilseeds
Funds’ canola short position up, for now
Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
ICE weekly outlook: Rangebound canola looks for bounce
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a short-term bounce,” said Mike Jubinville […] Read more
U.S. livestock: Lean hog futures bounce, cattle end lower
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) closed higher on Tuesday in a technical rebound after Monday’s limit-down close, with firm cash hog values lending support, traders said. Technical traders were encouraged that the benchmark June hog contract was able to hold above Monday’s low, a supportive chart […] Read more
ICE weekly outlook: Bearish funds keep canola pointed lower
Reading Time: < 1 minute MarketsFarm — ICE Futures canola prices fell to their lowest levels since 2014 during the week ended Wednesday, as bearish technical signals and a lack of progress on trade relations with China weighed on values. While a short-covering correction is possible, the underlying fundamentals also remain bearish. Speculators adding to their large net short positions […] Read more
U.S. grains: Soy higher after three-day skid
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Thursday, snapping a three-session slide, while corn and wheat rebounded from contract lows as fund-driven selling paused and forecasts signaled more U.S. planting delays, traders said. Chicago Board of Trade (CBOT) July soybeans settled up four cents at $8.72-3/4 per bushel (all figures US$). CBOT […] Read more
Funds still holding large net short position in canola
Reading Time: < 1 minute MarketsFarm — The large short fund position in ICE canola futures held relatively steady 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). According to the latest report, managed money and other […] Read more
U.S. livestock: Live cattle retreat on technical selling, fund liquidation
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third straight session on Tuesday on technical selling and fund long liquidation following the market’s recent climb to one-year highs, traders said. Open interest in live cattle futures was expected to be lower for a second straight session after hitting an all-time […] Read more
U.S. grains: Wheat eases in thin holiday trade
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than one per cent on Monday in thin, technically driven trade, brokers said, but still posted a yearly gain of nearly 18 per cent. U.S. soybean futures ended lower, retreating from early advances tied to signs of thawing trade tension between Washington and top global soy […] Read more
Funds reduce short position in canola
Reading Time: < 1 minute CNS Canada — Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more
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