Photo: Canstock

Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).





South American soybean uncertainty inhibits global market forecast

South American soybean uncertainty inhibits global market forecast

Production estimates are all over the map and initial production forecasts are shrinking

Ontario farmers had completed the soybean harvest and corn progress stood at 90 per cent complete as of Nov. 28. Adverse weather delayed harvest for the final portion of the corn crop. Farmer selling has subsided over the past two weeks. Commercial stocks of corn and soybeans are at seasonal highs; therefore basis levels remain […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more


U.S. corn has taken the dominant position in the world market.

Delayed Ontario corn harvest lowers yield estimates

Condition of Brazilian corn crop watched for its effect on market prices

The Ontario soybean harvest was about 85 per cent complete and corn progress stood at 70 per cent as of Nov. 14. Some areas had a significant amount of corn out in the field, but given weather forecasts, harvest should be wrapped up by Nov. 28. Quick lookSoybeans: Weather problems likely to affect Brazilian soybeans, […] Read more

ICE January 2024 canola with 20- and 200-day moving averages and nine-day exponential moving average. (Barchart)

ICE weekly outlook: Purely technical canola market trending up

Activity expected thin until next week

MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more