Canola fund short position edges down, but still large

MarketsFarm — The large speculative short position in ICE Futures canola contracts only saw a minor adjustment during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC).

Managed money and other reportable speculators on Tuesday had a net short position of 55,694 contracts, down by about 2,000 from the previous week, according to the report.

Open interest in the canola market increased by roughly 2,000 contracts to 192,655 during the week.

At the Chicago Board of Trade the net fund short position in soybeans declined to 38,643 contracts, from 44,040 the previous week.

— Phil Franz-Warkentin writes for MarketsFarm, a Glacer FarmMedia division specializing in grain and commodity market analysis and reporting.

Related Articles

About the author

Glacier FarmMedia Feed

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

Comments

explore

Stories from our other publications