MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola […] Read more
Fund short position grows in canola
Funds shift to net short in CBOT soybeans
Prairie cash wheat: Most bids lower
U.S. wheat futures down on week
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
Managed money fund traders increase bearish canola bets
Funds still net long in CBOT soybeans
MarketsFarm — The managed money net short position in ICE Futures canola grew to its largest level in three and a half months in early October on a combination of long liquidation and new bearish bets going on the books, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission […] Read more
Prairie cash wheat: Harvest pressure, falling U.S. futures weigh on bids
Canadian dollar up on the week
MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as seasonal harvest pressure and losses in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.30-$8 per tonne across the Prairies, according to price quotes from a cross-section of […] Read more
Funds flip back to net short in canola
Trade remains net long in soybeans, for now
MarketsFarm — The overall fund position in ICE Futures canola flipped from a net long to a net short during the week ended Tuesday, marking the first net short position in the commodity in just over two months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more
Fund long position drops in canola
Net long in CBOT soybeans also down on week
MarketsFarm — Fund traders have been busy liquidating long positions and putting on new bearish canola bets in early September. The net managed money long position in the ICE Futures market dropping sharply during the week ended Tuesday (Sept. 12), according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission […] Read more
Prairie cash wheat: Spring wheat bids mixed, durum lower
StatCan raises projections for spring wheat harvest
MarketsFarm — Bids for Western Canadian spring wheat were on both sides of unchanged while those for durum were lower for the week ended Thursday. Statistics Canada (StatCan) released its model-based principal field crop production estimates on Thursday, presenting a tightening wheat crop compared to that from 2022-23. All-wheat production was projected at 29.8 million […] Read more
Prairie cash wheat: Prices for reds rise, amber eases back
Harvest pressure, Canadian dollar also factors
MarketsFarm — Wheat on the Canadian Prairies was mixed for the week ended Thursday, with gains for Canada Western Red Spring and Canada Prairie Spring Red wheats, while Canada Western Amber Durum slipped back. Kansas City winter wheat and Minneapolis spring futures were higher on the week to provide support for Canadian cash prices, but […] Read more
Fund long position edges higher in canola
Net long in CBOT soybeans down on week
MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more
Prairie cash wheat: Bids, futures take tumbles
Canadian dollar sees slight gain on week
MarketsFarm — Western Canadian wheat bids were lower throughout during the week ended Thursday, with Canada Western Red Spring wheat seeing the largest declines. Statistics Canada (StatCan) released its first model-based production estimates for 2023-24 on Tuesday. Based on data compiled up to July 31, StatCan estimated total Canadian wheat production at 29.472 million tonnes, […] Read more
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