Canola futures have moved sharply higher over the past month, which is partly due to funds covering their short position
Managed money funds have been slowly lifting their short position in grain and oilseed futures markets, according to data from the Commodity Futures Trading Commission’s latest commitments-of-traders report. During the week ending Oct. 29, funds had bought back a total of 53,756 corn contracts, leaving them with a position of 17,703 contracts net short. The […] Read moreTag Archives oilseed
Oilseed crush, grain deliveries up this year
The amount of Canadian oilseed crushed and grain delivered saw slight increases compared to the previous year, according to Statistics Canada. Domestic producers crushed 861,671 tonnes of oilseeds in June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 used for oil and 447,433 […] Read more
China displaced as agricultural market driver
China accounted for 28 per cent of global food consumption growth in the last decade, but that could fall to 11 percent SASKATOON — India, Southeast Asia and Sub-Saharan Africa are displacing China as drivers of agricultural markets, according to a new report.The paper, jointly released by the United Nations’ Food and Agriculture Organization (FAO) […] Read more
Viterra-Bunge deal not a surprise for industry watchers
Viterra and Bunge are merging operations in a deal where Viterra shareholders are receiving $6.2 billion worth of Bunge shares and $2 billion of cash.
