Heavy amounts of fund buying coupled with speculators covering short positions saw the net long position in canola futures hit a new record during the week ended Feb. 18.
Net long position hits new record in canola futures
Funds put on new bullish bets, cover shorts
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie spring wheat bids dip with U.S. futures, rising loonie
Durum steady
Hard red spring wheat bids in Western Canada moved lower during the week ended Feb. 13, as losses in the United States futures and strength in the Canadian dollar weighed on values.
Feed grain update: Barley bids edge up amid trade uncertainty
Tightening stocks supportive
Feed barley prices in Western Canada were strengthening in early February, although activity was somewhat limited given the threat of tariffs from the United States still overhanging the North American markets.
U.S. livestock: Cattle futures mixed Wednesday
Cattle futures on the Chicago Mercantile Exchange were mixed Wednesday, with gains in the feeder market and a steady tone in the live cattle market as values retreated from earlier advances.
Pulse weekly: Canadian pulse exports slow down in December
Market waiting to see if India extends duty free yellow pea policy
Canadian pea and lentil exports slowed down in December compared to the previous month, although year-to-date movement remains solid as India remains in the market for the time being.
Speculators exit short positions in canola
Net short smallest since 2023
Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
U.S. tariffs on Canada delayed until March
Trudeau and Trump reach deal to postpone trade war
A looming trade war between Canada and the United States set to begin Feb. 4 will be postponed for at least another month, Prime Minister Justin Trudeau announced via social media late Monday, Feb. 3.