Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
Fund traders add to bearish bets in canola
StatCan revises canola production lower
Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
How low can canola go?
If the grain markets were a game of limbo, canola would be going for the championship title
Canola market diving after launch of Chinese anti-dumping investigation.
ICE canola weekly outlook: Contracts hovering above lows
The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.
Canadian canola ending stocks largest since 2020
Canadian canola ending stocks for 2023/24 were up significantly from the carryout the previous year, while revisions to the year-ago data saw wheat stocks tighten, according to the latest data from Statistics Canada released Sept. 9.
Canola price slide continues
Grain markets for Manitoba farmers: Canola price slide continues.
Wheat prices show signs of bottoming
Europe's wheat crop is in rough shape, which may fuel turn around in market prices.
Saskatchewan harvest underway amid hot and dry weather
Pasture conditions in much of Saskatchewan were diminishing due to the hot and dry conditions. While sporadic rainfall in north and east parts of the province will benefit later seeded crops as they mature, but came too late for early seeded crops.
ICE canola weekly: Dropping with soy complex
The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
Labour board ruling opens door to rail strike
Workers at Canada’s two major railways could be on strike as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage.
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