Phil Speiss of RBC Dominion Securities in Winnipeg believes canola could enter a bearish downturn, but the war in Iran and volatile oil prices are complicating matters.
Soybean and corn futures at the Chicago Board of Trade posted some large price swings during the week ended March 25, as market participants reacted to the shifting news out of the Middle East and adjusted positions ahead of upcoming acreage data from the United States Department of Agriculture.
The speculative net long position in canola continues to grow, hitting its largest level in eight months according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, March 20.
Speculative fund traders have added to their recently established net long position in canola, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, Feb. 27.
Speculative fund traders moved to a net long position in canola for the first time in five months in mid February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
Speculative fund traders reduced their net short position in canola futures for the fourth straight week in the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
U.S. soybean futures were mixed at Friday’s close at the end of a see-saw week during which Chinese purchases of U.S. supplies pushed prices to a 17-month high before doubts about whether China would sustain such buying punctured the rally.
Speculative fund traders were adding to a recently-established net short position in canola at the end of September, said the first Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) since the end of the U.S. federal government shutdown.
Speculative fund traders have moved to a net short position in canola futures for the first time in five months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).