Glacier FarmMedia | MarketsFarm — Speculative fund traders continue to add to their net long position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
The net managed money long position in canola futures came in at 48,915 contracts as of April 22 (83,894 long/34,979 short) — an increase of about 32,000 contracts compared to the previous week.
Open interest in the canola market was up by 14,198 contracts on the week at 211,810 contracts.
At the Chicago Board of Trade, the net long position in soybeans of about 53,200 contracts increased by 10,000 contracts from the previous week. Meanwhile, the net long position in soyoil was up 11,000 at about 55,700 contracts.
The net long position in corn was down by about 13,000 contracts to come in at roughly 132,400.
In wheat, the Chicago soft wheat market reported a net short position of 81,600 contracts. The net short in hard red winter wheat came in at roughly 51,600 contracts. In MIAX spring wheat, managed money traders were holding a net short of around 16,600 contracts as of April 22.
