As of Dec. 26, 2023, the net managed money short position in canola futures came in at 110,612 (6,507 long/117,119 short), which was down by about 5,000 from the record-large net short hit the previous week.

Open interest in the canola market came in at 240,298 contracts, which was down by 9,183 on the week.

At the Chicago Board of Trade, a combination of long liquidation and speculative short covering saw the net long position in soybeans increase by about 1,000 contracts at roughly 11,500.

Meanwhile, corn traders were covering shorts and putting on some new longs as they squared positions ahead of the New Year, with the net short in corn down by about 10,000 contracts to come in at about 172,000.

In wheat, the Chicago soft wheat market reported a net short position of about 60,700 contracts. The net short in Kansas City hard red winter wheat came in at roughly 30,800 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 27,500 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

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As of Dec. 12, 2023, the net managed money short position in canola futures came in at 107,326 (5,152 long/112,478 short), which was up by about 12,000 from the previous week and surpasses the previous record of 105,440 contracts set on Oct. 31, 2023.

Open interest in the canola market came in at 256,476 contracts, which was down by 15,363 on the week.

At the Chicago Board of Trade, long liquidation saw the net long position in soybeans dip by about 6,000 contracts to come in at 31,700.

Meanwhile, corn traders were exiting both their longs and their shorts, with the net short in corn down by about 7,000 contracts to come in at about 149,700 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 71,100 contracts. The net short in Kansas City hard red winter wheat came in at roughly 30,500 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 27,000 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

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As of Oct. 31, 2023, the net managed money short position in canola futures came in at 105,440 contracts (3,930 long, 109,370 short), an increase of about 12,000 contracts from the previous week and the largest net short position ever recorded for the commodity in the past five-and-a-half years of available data.

Open interest in the canola market came in at 275,456 contracts, which was up by about 5,000 contracts from the previous week.

At the Chicago Board of Trade, fund traders added to their small net long position in soybeans, taking it to roughly 23,000 contracts.

Meanwhile, the net short position in corn decreased by nearly 50,000 at roughly 147,100 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 108,800 contracts, which was up by about 11,000 contracts from the previous week. The net short in Kansas City hard red winter wheat came in at roughly 33,300 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 29,000 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Net speculative short position in canola tops 100,000 contracts appeared first on Alberta Farmer Express.

As of Oct. 24, the net managed money short position in canola futures came in at 93,603 contracts (6,745 long, 100,348 short), an increase of about 22,800 contracts from the previous week and the largest net short position ever recorded for the commodity in the past five-and-a-half years of available data. The largest net short position in canola futures hit previously was 75,357 contracts in March 2023.

Open interest in the canola market came in at 270,477 contracts, which was down by 32,495 contracts from the previous week.

At the Chicago Board of Trade, fund traders moved back to the long side of the market in soybeans, moving from a small net short of about 3,400 contracts to a net long of around 6,800 contracts.

Meanwhile, the net short position in corn decreased by about 6,000 at roughly 99,500 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 97,700 contracts, which was down by about 13,000 contracts from the previous wee on a combination of speculative short covering and new longs going on the books. The net short in Kansas City hard red winter wheat came in at roughly 29,300 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 25,200 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

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As of Oct. 17, the net managed money short position in canola futures came in at 70,768 contracts (9,238 long, 80,006 short), an increase of about 9,000 contracts from the previous week and the largest net short position in seven months.

Open interest in the canola market came in at 302,972 contracts, which was down by 2,350 contracts from the previous week.

At the Chicago Board of Trade, fund traders were on both sides of the market, with the recently established net short position in soybeans edging up slightly at about 3,400 contracts.

Meanwhile, the net short position in CBOT corn decreased by about 5,000 at roughly 105,600 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 111,000 contracts. The net short in Kansas City hard red winter wheat came in at roughly 27,300 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 25,800 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Managed money adding to net short positions in canola appeared first on Alberta Farmer Express.

As of Oct. 10, the net managed-money short position in canola futures came in at 61,744 contracts (8,420 long; 70,164 short), an increase of about 16,000 contracts from the previous week and the largest net short position in four months.

Open interest in the canola market dipped by 6,914 contracts from the previous week, at 305,322 contracts.

At the Chicago Board of Trade, fund traders flipped to a net short position for the first time since March 2020, moving from a net long of nearly 2,400 contracts to a net short of around 3,200 contracts. Meanwhile, the net short position in CBOT corn decreased by about 45,000 at roughly 110,500 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 110,200 contracts. The net short in Kansas City hard red winter wheat came in at roughly 26,100 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 23,600 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Fund short position grows in canola appeared first on Alberta Farmer Express.

As of Sept. 26, the net managed money short position in canola futures came in at 34,874 contracts (19,071 long; 53,945 short), an increase of about 20,000 contracts from the previous week and the largest net short position in three months.

Open interest in the canola market dipped by 2,500 contracts from the previous week, at 302,599 contracts.

At the Chicago Board of Trade, fund traders were still holding a net long position in soybeans, but it was down by about 12,500 contracts on the week at just under 26,000 contracts.

Meanwhile, the net short position in CBOT corn increased by about 17,000 at roughly 166,600 contracts.

In wheat, the CBOT soft wheat market reported a net short position of about 102,400 contracts. The net short in Kansas City hard red winter wheat came in at roughly 16,600 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 15,600 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Fund net short position grows in canola appeared first on Alberta Farmer Express.

As of Tuesday, the net managed money short position in canola futures came in at 14,538 contracts (27,510 long. 42,048 short) — a shift of about 17,000 contracts from the previous week’s small net long position.

Open interest in the canola market was up by nearly 13,000 contracts from the previous week, at 305,099 contracts.

At the Chicago Board of Trade, fund traders were still holding a net long position in soybeans, but it was down by about 29,000 contracts on the week at roughly 38,400 contracts.

Meanwhile, the net short position in corn rose by about 11,000 at roughly 149,500 contracts.

In wheat, the Chicago soft wheat market reported a net short position of about 104,000 contracts. The net short in K.C. hard red winter wheat came in at roughly 12,500 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 15,200 contracts.

— Phil Franz-Warkentin is an associate editor/analyst for MarketsFarm in Winnipeg.

The post Funds flip back to net short in canola appeared first on Alberta Farmer Express.

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 (CFTC).

As of Sept. 12, the net managed money long position in canola futures came in at 2,418 contracts (39,625 long; 37,207 short), a decrease of about 16,000 contracts from the previous week.

Open interest in the canola market was up by nearly 6,000 contracts from the previous week, at 292,132 contracts.

At the Chicago Board of Trade, fund traders were holding a net long of about 67,475 contracts in soybeans, down by about 9,000 from the previous week. Meanwhile, the net short position in corn rose to roughly 138,000 contracts from 96,000 the previous week.

In wheat, the Chicago soft wheat market reported a net short position of about 89,200 contracts. The net short in Kansas City red winter wheat came in at roughly 13,300 contracts. In Minneapolis spring wheat, managed money traders were also holding a net short of around 13,300 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Fund long position drops in canola appeared first on Alberta Farmer Express.

As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, 28,045 short), an increase of about 5,000 contracts from the previous week.

Open interest in the canola market came in Aug. 29 at 281,208 contracts, up by 13,956 from the previous week.

At the Chicago Board of Trade, fund traders were holding a net long of about 84,900 contracts in soybeans, down about 30,000 from the previous week. Meanwhile, the net short position in corn declined to about 91,000 contracts, from 121,000 the previous week.

In wheat, the Chicago soft wheat market reported a net short position of about 83,800 contracts. The net short in K.C. red winter wheat came in at roughly 5,700 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of around 8,700 contracts.

— Phil Franz-Warkentin is an associate editor/analyst with MarketsFarm in Winnipeg.

The post Fund long position edges higher in canola appeared first on Alberta Farmer Express.