Glacier FarmMedia — Speculative fund traders moved to a net long position in canola for the first time in five months in mid February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
Why it matters: A large fund position can sway the futures markets
The net managed money long position in canola futures came in at 7,663 contracts as of Feb. 17 (59,074 long/51,409 short). That compares with the previous week when the speculative position was evenly balanced, as managed money traders put on more fresh longs than shorts during the week. The net fund position was last in positive territory in September 2025.
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IGC February report adjusts world data
There were several revisions made to the International Grains Council monthly supply and demand report issued on Feb. 19, most notably in soybeans.
Total open interest in canola futures increased to 305,730 contracts, from 247,124 the previous week.
U.S. futures
Fund traders grew their net long position in soybeans at the Chicago Board of Trade by roughly 43,000 contracts, with the net long rising to just under 159,000 contracts.
The net short position in corn came in at about 42,300 contracts on Feb. 17, down by 15,200 contracts on the week.
In wheat, the Chicago soft wheat market reported a net short position of 69,600 contracts. The net short in hard red winter wheat came in at roughly 11,100 contracts. In MIAX spring wheat, managed money traders were holding a net short of around 18,700 contracts as of Feb. 17.
