As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
Canola fund short position climbs higher
Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures
Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according
Canadian Grain Commission announces grain grading changes
The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as
Improvements to temporary foreign worker program recommended: CFIB
Temporary foreign workers (TFWs) may help alleviate persistent labour shortages in Canada’s agricultural sector, but adjustments to the system would increase efficiencies and create better alignment with the practical needs of agri-businesses, according to new research from the Canadian Federation of Independent Business (CFIB) that includes several recommendations for policy makers. “While government is reviewing
Manitoba seeding nears completion: report
Manitoba farmers made good seeding progress in early June despite wet conditions, with 92 per cent of intended acres in the ground – up nine points from the previous week, according to the latest provincial crop report for the week ended June 11. Spring cereals, peas, and grain corn were approximately 97 per cent complete.
Pulse weekly: Canadian pulse exports slowing
Glacier FarmMedia – Canadian pulse exports are showing signs of slowing down entering the final months of the 2023/24 marketing year, as end users turn their attention to the looming availability of new crop supplies. Canada has exported 1.286 million tonnes of lentils during the crop year-to-date, running about 25 per cent behind the pace
Canadian drought conditions improve: AAFC
Shifting weather patterns helped drought conditions significantly improve across much of Canada in May, with the most significant improvements seen through the southern Prairies where an upper-level low provided cooler and unsettled conditions bringing well above-normal precipitation, according to the latest drought monitor report from Agriculture and Agri-Food Canada showing conditions as of May 31.
Fund short position grows in canola
Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in
Strong Thunder Bay grain movement through May
The Port of Thunder Bay continues to see strong grain movement during the 2024 shipping season, with 923,700 tonnes moved in May, according to a report. That marked the second highest monthly grain total of the past two years and compares with 899,100 tonnes in May 2023.
ICE canola weekly outlook: Peaks likely in for the season
The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.
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