MarketsFarm — Commodity fund traders are maintaining a steady short position in ICE Futures canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 53,576 contracts on Tuesday, steady with the previous week. Open […] Read more
Tag Archives Canola — page 72
Fund traders hold steady in canola
ICE weekly outlook: Steady canola market stuck in rut
MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices […] Read more
Fund traders increase canola short position
MarketsFarm – Commodity fund traders added to their net short positions in canola and corn over the past week, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money traders were also on the sell side in soybeans, reducing their net long position in […] Read more
ICE weekly outlook: Canola values trading in a range
MarketsFarm – Canola has remained trading in a range for most of the week, with short coverings a feature in trading. Canola values have been well-supported by Malaysian palm oil values, which were stronger for most of the week due to tight supplies and lowered production. On Tuesday, benchmark palm oil contracts hit their highest […] Read more
Bearish fund traders add to shorts in canola and corn
MarketsFarm – Commodity fund traders added to their net short positions in canola and corn, while they maintained a steady position in soybeans, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC) as of Nov. 1. The net managed money short position in ICE Futures […] Read more
Canadian canola crush pace running well ahead of average
MarketsFarm – Canada’s canola crush pace is running well above average, with demand from domestic processors more than making up for any issues on the export front, according to the latest grain handling data as of Nov. 1. The Canadian Grain Commission reported total domestic usage of canola during the first 12 weeks of the […] Read more
ICE weekly outlook: Canola bids return to being range-bound
MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided […] Read more
Canada, China meet over canola stalemate
[UPDATED: Oct. 31, 2019] Glacier FarmMedia – Canada and China finally had a face-to-face meeting *Oct. 28 in Geneva on China’s de facto import ban of Canadian canola seed. The private consultation under the auspices of the World Trade Organization (WTO) went well, according to Brian Innes, the Canola Council of Canada’s *vice-president of public […] Read more
Alberta farmers well ahead of last year’s pace
With decent weather, Alberta farmers made good harvest progress for the week ended Oct. 22, according to the province’s latest weekly crop report issued Oct. 25. Province-wide progress vaulted from just under 59 per cent for the week ended Oct. 15 to almost 74.5 per cent. That said the overall harvest remains behind the five-year […] Read more
Fund traders still bearish on canola as open interest falls
Commodity fund traders were back on the sell side in canola and corn during the week ended Oct. 22, but added to their net long position in soybeans, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE […] Read more
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