Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Low exports, declining Black Sea, European milling wheat prices pressure U.S. wheat
U.S. wheat complex also mixed; Canadian prices bolstered by dollar's drop
Wheat futures tested fresh contract lows
Cheaper Russian wheat exports also dragged global wheat prices down
Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices