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Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).