Heavy amounts of fund buying coupled with speculators covering short positions saw the net long position in canola futures hit a new record during the week ended Feb. 18.
Net long position hits new record in canola futures
Funds put on new bullish bets, cover shorts
U.S. grains: Corn futures finish lower after hitting 18-month high
Chicago Board of Trade corn futures closed lower on Friday after the market stormed to an 18-month high on strong U.S. export demand, traders said.
Prairie Wheat Weekly: Modest increases across the region
Western Canadian cash prices for spring wheat and amber durum made small gains during the week ended Feb. 20. Support came from higher prices in the United States wheat complex, but a stronger Canadian dollar limited the increases
U.S. grains: Soy futures rebound amid South America crop concerns
Chicago Board of Trade soybean futures rose on Thursday, recouping losses from the previous session with support from lingering concerns about poor crop weather in South America, analysts said.
Feed Grains Weekly: Overbooked end-users worried about tariffs on Canadian beef
Feed wheat, U.S. corn too expensive
There won't be a whole lot of movement of feed grains on the Canadian Prairies any time soon, stated Darcy Haley, vice-president of Ag Value Brokers in Lethbridge. He said not only are the end-users overbooked, but the relentless uncertainty over tariffs continues to dominate the cattle industry across Western Canada.
U.S. grains: Corn futures pull back from 16-month high
Chicago Board of Trade corn futures pulled back from a 16-month high on Wednesday as traders booked profits and anticipated that recent gains will drive bigger U.S. plantings this spring.
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
U.S. grains: Corn futures hit 16-month high above $5 a bushel
Chicago Board of Trade corn futures reached a 16-month high above $5 a bushel on Tuesday on robust U.S. export demand and expectations that inventories may tighten, analysts said.
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Chicago wheat hits four-month high as cold threatens Russia, US crops
Chicago Board of Trade wheat futures Wv1 soared on Friday to their highest price since October, and analysts said support from blistering cold weather in the Black Sea and U.S. Plains regions prompted short covering.
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