CNS Canada — Fund traders lowered their net short positions in ICE Futures canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola
Canola funds reduce net short position
Blowback from Chinese CEO’s arrest may drag on markets
New data from StatsCan might (or might not) support canola
ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for a move higher in canola, as participants reacted to news of a tentative trade truce between the U.S. and
CBOT weekly outlook: Soybeans trend up, but trade off headlines
CNS Canada — Speculative short-covering and optimism over trade with China helped soybean and corn futures at the Chicago Board of Trade move higher over the week ended Wednesday. While additional gains are possible, both markets will take more short-term direction from the day-to-day headlines. Conflicting headlines, tweets and other commentary lead to a choppy
Funds reduce short position in canola
CNS Canada — Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola
ICE weekly outlook: Firm canola has limited upside
CNS Canada — Canola futures on the ICE Futures platform moved higher during the week ended Thursday, as the market corrected off of the lows hit in late November. Gains in Chicago Board of Trade soybeans and a smaller 2018 Canadian canola crop contributed to the advances, although values may not have much more room
Hard red wheat bids rise in Western Canada
Minneapolis, Kansas City and Chicago March wheat futures all rose on the week
Hard red spring wheat bids in Western Canada strengthened during the week ended Nov. 30, as gains in Minneapolis futures and a softer tone in the Canadian dollar helped basis levels improve. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $1-$3 per tonne over the course of the week,
Report finds more Canadians turning to plant-based proteins
CNS Canada — Canadians are showing more and more interest in reducing meat consumption while increasing purchases of plant-based proteins, according to data from the latest Food Price Report. The report, prepared by the University of Guelph and Dalhousie University, predicted a 1.5 to 3.5 per cent increase overall in the average Canadian food bill
Total Canadian grain exports running well ahead of average
CNS Canada — Canadian canola exports may be slightly behind the year-ago pace, but wheat movement is very strong and total crop exports to-date are running well ahead of average for this time of year, according to the latest statistics from the Canadian Grain Commission (CGC). Canada exported 219,800 tonnes of canola during the week
Net fund short position grows in canola
CNS Canada — Fund traders added to their net short positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net short position to roughly 44,000 contracts
Canola finds some support in thin, choppy trading week
Early planting in Brazil boosts the soy supply outlook
ICE canola futures touched their lowest levels in more than a year on Nov. 20, but managed to uncover some support to the downside and were relatively steady on the week by Friday, Nov. 23. Activity, however, was thin and choppy, with markets in the U.S. closed for part of the week due to the
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