CNS Canada — The recent move to New York for the ICE Futures canola contract has brought with it fresh oversight from the U.S. Commodity Futures Trading Commission (CFTC). The weekly commitment of traders (CoT) report compiled by the CFTC provides details on who is trading canola and the size of their positions — but […] Read more
Long-awaited fund report still murky for canola
Funds’ net short position growing in canola
CNS Canada –– Speculators added to their net short positions in canola during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more
Big Weed hits up Europe hoping for expansion cash
Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export […] Read more
U.S. grains: Wheat slides as harvest progresses
Chicago | Reuters — U.S. wheat futures sagged on Tuesday, with the K.C. hard red winter wheat market hitting its lowest in nearly five months on fund-driven long liquidation and pressure from the harvest in the southern Plains, traders said. Soybeans were also lower while corn ended modestly higher as traders awaited key U.S. Department […] Read more
ICE weekly outlook: Canola seeks rain amid market turmoil
CNS Canada — The ICE Futures Canada canola market faces a slew of uncertainty as political turmoil in international trade markets and a looming report from Statistics Canada keeps traders guessing where the market is headed. “The craziness of the White House is the main focus. How will it affect the markets?” said Keith Ferley […] Read more
Funds building large net short position in canola
CNS Canada — Fund traders are sitting on large net short positions in ICE Futures Canada canola and likely have room to add to those positions, which should keep values under pressure. While there is no official reporting on fund positions in the ICE Futures Canada market, as there is in the U.S., traders estimate […] Read more
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