(File photo by Dave Bedard)

Large funds back on short side in soybeans

MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 20,366 contracts on




(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Trading cautious on Phase One pact

MarketsFarm — Though China and the United States signed their Phase One trade deal on Wednesday, commodity markets remained “extremely cautious,” according to one analyst. Prices were muted at midday following a signing ceremony at the White House, due to the lack of public details regarding the deal. The market is “preparing for disappointment,” according


Estimates show about 14 per cent of the 2019 U.S. corn and soybean crops will be unsold when the 2020 harvest begins.

Comment: What we know about corn and soy estimates

This year could shape up to be at least as challenging as 2019 was

The best way to begin a new year is to start with what we know. For example, we know the U.S. Department of Agriculture’s (USDA) December World Agriculture Supply and Demand Estimate shows that about 14 per cent of the 2019 U.S. corn and soybean crops will be unsold when the 2020 harvest begins next



ICE March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola stronger at midweek

MarketsFarm — Canola was “well supported” at midweek, bolstered by strength in comparable vegetable oils and relative weakness in the Canadian dollar. Chicago soy was underpinned by strong export demand and the expectation that the U.S. and China will sign Phase One of their trade deal next week. However, with heightened geopolitical tension in the



File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)

Argentine soybeans facing tax increases

MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché.