A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

ICE weekly outlook: Canola scale-up selling to temper gains

MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for much of the recent strength […] Read more










(File photo by Dave Bedard)

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the 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 29,869 (9,349 long/39,218 short), a decrease of […] Read more