Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Net short position in canola continues to shrink
Spring wheat futures find support, soybeans/corn rangebound
After hitting their softest levels in three years, the Minneapolis spring wheat market uncovered some support on April 3, although all the spring-seeded U.S. crops could hold rangebound through the planting season.
U.S. pulse area to rise in 2024
Area seeded to pulse crops in the United States should see a significant increase in 2024, with early indications pointing to more lentils, chickpeas, peas and edible beans going in the ground this spring.
Large fund short position shrinking in canola
Managed money fund traders continued to chip away at their large net short position in canola in mid-March, covering more of their large bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Spring wheat bids edge higher in Western Canada
Spring wheat bids in Western Canada moved higher during the week ended March 21, as wheat futures in the United States continued to recover off their nearby lows.
Seasonal trends underpinning feed grains for now
Feed barley bids in Western Canada continue to find some support as the calendar turns to spring, with seasonal road restrictions lending some nearby support to prices.
Rangebound outlook for CBOT soybeans/corn in short-term
Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.
Tightening canola ending stocks for 2024/25: AAFC
Canadian canola ending stocks will likely be tighter by the close of the upcoming 2024/25 marketing year, while the wheat carryout should rise, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released March 19.
Strong duty-free Indian yellow pea demand could continue
Solid exports of Canadian yellow peas to India over the past few months could continue for longer, as officials contemplate extending duty-free imports once again.
Speculators finally backing away from bearish bets in canola
Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
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