Glacier FarmMedia | MarketsFarm — The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
As of Oct. 15, 2024, the net managed money short position in canola futures came in at 87,037 contracts (3,644 long/90,681 short), which was down by roughly 1,000 contracts from the previous week and compares with 143,021 a month earlier. Open interest in the canola market fell by 11,263 on the week at 223,904 contracts.
At the Chicago Board of Trade, the net short position in soybeans was up by about 21,600 contracts to come in at around 40,500. Meanwhile, the net long position in soyoil dipped to roughly 28,700 contracts.
Read Also
Most of Manitoba harvest wraps up for 2025
Manitoba Agriculture issued its final crop report of 2025, showing the overall provincewide harvest at 97 per cent complete as of Oct. 20. Nearly all major crops have finished combining, with 37 per cent of Manitoba’s sunflowers finished, plus 71 per cent of grain corn and small amounts of soybeans and potatoes left to do.
The net short position in corn grew for the first time in two months, jumping by about 44,400 contracts to come in at roughly 107,500.
In wheat, the Chicago soft wheat market reported a net short position of 30,500 contracts. The net short in Kansas City hard red winter wheat came in at roughly 6,600 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of 5,100 contracts as of Oct. 15.
