Glacier FarmMedia | MarketsFarm — The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
As of Sept. 17, 2024, the net managed money short position in canola futures came in at 143,021 contracts (4,048 long/147,069 short), which was up by roughly 3,500 contracts from the previous week. Open interest in the canola market rose by 4,381 on the week at 308,847 contracts.
At the Chicago Board of Trade, the net short position in soybeans was down by about 8,000 contracts to come in at around 112,750. Meanwhile, the net short position in soyoil edged up to roughly 49,250 contracts.
The net short position in corn continued to shrink, losing about 2,000 contracts to come in at roughly 144,000.
In wheat, the Chicago soft wheat market reported a net short position of 27,300 contracts. The net short in Kansas City hard red winter wheat came in at roughly 16,750 contracts. In Minneapolis spring wheat, managed money traders were holding a net short of 16,500 contracts as of Sept. 17.
