(File photo by Dave Bedard)

Funds covering shorts in canola

Traders also move to net long in Chicago soybeans

MarketsFarm — Fund traders covered short positions in canola and moved to a net long position in Chicago soybeans during the week ended Wednesday, according to the latest 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 Wednesday at […] Read more



(Country Guide file photo)

Prairie cash wheat: Rising loonie cuts into bids

MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to […] Read more




(Dave Bedard photo)

Fund traders cover canola shorts, liquidate corn longs

MarketsFarm — Fund traders were covering short positions in canola and liquidating longs in corn during the week ended Tuesday, according to the latest 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 58,455 contracts (2,163 long/60,618 […] Read more





K.C. March 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, corn ease after rallies

Chicago soybean futures firm

Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday on profit taking from the previous session’s strong rally, grain dealers said. Bargain buying pulled the grain contracts from their session lows ahead of the close. “Yesterday was probably a little overdone in the wheat market,” said Jim Gerlach, president of Indiana-based A/C […] Read more

MGEX March 2020 spring wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat futures rally, pull corn higher

Chicago soybean futures weaken

Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more