Short position steady in canola, growing in corn

(File photo by Dave Bedard)

MarketsFarm — Fund traders were content to sit on their large net short position in canola during the week ended Aug. 27, 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 Futures canola came in at 62,104 on Aug. 27, a decrease of only 100 contracts from the previous week.

Open interest in the canola market rose by 2,910 contracts, to 164,789 during the week.

At the Chicago Board of Trade, the managed money net short position in soybeans declined by roughly 1,000 contracts, to 75,550 contracts.

Meanwhile, the net managed money short position in corn grew to just over 96,000 contracts, from 82,000 the previous week, as investors were liquidating longs and putting on new shorts.

— Phil Franz-Warkentin writes for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.

About the author


Phil Franz-Warkentin writes for MarketsFarm specializing in grain and commodity market reporting.


Stories from our other publications