MarketsFarm — Wheat bids in Western Canada were much more stable for the week ended Thursday than for previous week. After double-digit losses last week, Canada Western Red Spring (CWRS) wheat incurred only small losses, while Canada Prairie Spring Red (CPSR) experienced small gains. Canada Western Amber Durum (CWAD) went from a significant decline to […] Read more
Tag Archives mgex — page 15
Prairie cash wheat: Prices stabilize following tumultuous week
Options market operator buys last independent U.S. grain exchange
MIH makes deal to buy Minneapolis' MGEX
Chicago | Reuters — Options exchange operator Miami International Holdings (MIH) will acquire the 139-year-old Minneapolis Grain Exchange, the last independent U.S. grain exchange, the organizations said in a statement on Friday. Best known for its flagship hard red spring wheat futures contracts, the MGEX, founded as the Minneapolis Chamber of Commerce in 1881, will […] Read more
Prairie cash wheat: Loonie, U.S. prices trigger steep declines
U.S. wheat futures well down on week
MarketsFarm — Wheat bids in Western Canada were significantly lower for the week ended Thursday. Those includes double-digit losses for Canada Western Red Spring (CWRS) wheat and Canada Prairie Spring Red (CPSR). Losses in Canada Western Amber Durum (CWAD) were relatively smaller. Pressure came from sharp losses in U.S. markets and equally sharp gains in […] Read more
Prairie cash wheat: Bids broadly lower
MarketsFarm — Wheat bids in Western Canada were broadly lower during the week ended Thursday, with double-digit losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) had moderate declines. Average CWRS (13.5 per cent protein) wheat prices were down $7-$11 per tonne, according to […] Read more
Funds covering short positions in canola
MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, 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 July 14 at 23,113 (9,650 long/32,763 short), […] Read more
Prairie cash wheat: Bids mixed
MGEX, K.C. wheats down on week
MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a […] Read more
Canola fund short position smallest in six months
Net long up sharply in CBOT soybeans
MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the 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 Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more
Prairie cash wheat: Most bids see gains on the week
MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Canada Western Red Spring (CWRS) wheat made the strongest gains, as Canada Prairie Spring Red (CPSR) was either side of steady. There were modest increases for Canada Western Amber Durum (CWAD). Support came from the Canadian dollar losing about two-10ths […] Read more
CBOT weekly outlook: Spring wheat premium widening over winter wheat
Row crop futures stuck in sideways range
MarketsFarm — All eyes remain on weather conditions in U.S. grain and oilseed markets, with soybeans and corn stuck in sideways patterns while seasonal harvest pressure causes the spring wheat premium to widen over the winter wheats. The advancing winter wheat harvest has weighed on Chicago and Kansas City winter wheat contracts recently, with reports […] Read more
Fund traders still bearish on canola
MarketsFarm — The managed money net short position in canola grew to nearly 50,000 contracts in 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 Tuesday at 48,777 contracts (3,932 long/52,709 short), an increase of about 10,000 […] Read more
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