Heavy amounts of fund buying coupled with speculators covering short positions saw the net long position in canola futures hit a new record during the week ended Feb. 18.
Tag Archives Canola
Net long position hits new record in canola futures
Funds put on new bullish bets, cover shorts
Canola, Chicago soyoil prices still climb
Oilseeds market reaching multiple-month highs, ignoring tariff worries
While the threat of tariffs from United States President Donald Trump may become reality in March, canola prices at the Intercontinental Exchange continued to rise.
Eco-friendly bioplastics could help solve single-use plastic problem
Guelph researcher looking to create bioplastics from canola meal and pulse flour
Eco-friendly bioplastics made from crop waste like canola meal and pulse flour could help solve the world’s petroleum-based single-use plastics problem, says researchers from the University of Guelph.
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Canada Weekly: Canola set to climb higher
Supplies getting tighter
Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.
Speculators exit short positions in canola
Net short smallest since 2023
Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola stocks shrink, wheat nudges up
StatCan issues stock report
With a decline of 19.2 per cent, total canola stocks in Canada dropped from a year ago, while all wheat stocks bumped up 0.9 per cent, Statistics Canada reported on Feb. 7.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
Canola prices could swing, with or without tariffs
Trump’s tariff threats against Canada is making the canola market hard to predict
Trump’s tariff threats against Canada is making the canola market hard to predict.