A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)

USDA Brazil attaché cuts soybean projections for 2023/24

Several firms have dropped Brazil soybean projections on seeding delays, weather

With Brazil having faced opposing weather extremes, there’s little surprise the United States Department of Agriculture attaché cut their soybean production estimate for 2023/24. The Brasilia desk reduced its call from a record 162 million tonnes to 158.5 million in its latest report.



Photo: Canstock

Net fund short position edges down in canola

CBOT fund traders were liquidating some large net long positions in soybeans

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).