The net managed money short position in ICE Futures canola came in Tuesday at 20,366 contracts on Tuesday (6,601 long; 26,967 short), a decrease of about 1,000 contracts from the previous week.

Open interest in the canola market increased by about 1,400 contracts, to 187,942 during the week.

At the Chicago Board of Trade, managed money shifted back to a net-short position. Investors liquidated about 10,000 longs and put on nearly 12,000 new short positions, which took the overall net short to about 19,000 contracts, from 3,000 long the previous week.

Meanwhile, corn saw the opposite activity during the week, with the overall net-short position declining by about 14,000 contracts, to 65,890.

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

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The net managed money short position in canola came in Tuesday at 73,025, an increase of about 7,000 contracts from the previous week.

Open interest in the canola market rose by 10,413 contracts, to 177,393 during the week.

However, canola rallied in the days following the Sept. 10 data, with speculative short-covering thought to be a key driver of the move, according to market participants. November canola settled at $437.90 per tonne on Tuesday, but rallied by roughly $10 per tonne over the following three days.

At the Chicago Board of Trade the managed money net short position in soybeans increased by roughly 18,000 contracts, to 90,013 contracts as of Tuesday.

Meanwhile, the net managed money short position in corn grew by nearly 20,000 contracts, to roughly 144,500, as bearish investors continued to liquidate longs and put on new short positions.

However, speculative short-covering also underpinned soybeans and corn during the remainder of the week ended Friday (Sept. 13).

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

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The net managed money short position in canola came in Tuesday at 65,750, an increase of 3,600 contracts from the previous week.

Open interest in the canola market rose by 2,191 contracts, to 166,980 during the week.

At the Chicago Board of Trade the managed money net short position in soybeans declined by roughly 3,000 contracts, to 71,558.

Meanwhile, the net managed money short position in corn grew to nearly 124,000 contracts, from roughly 96,000 the previous week, as bearish investors continued to liquidate longs and put on new short positions.

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

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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.

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