Photo: Getty Images

Rising CBOT soybeans facing resistance

Optimism over increased Chinese demand along with weather concerns in Brazil gave the Chicago soybean market a boost and triggered some fund short covering over the past week, but the futures will likely face stiff resistance to the upside going forward.




 Photo: Greg Berg

Canola net short position grows

The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).








Wheat stocks in major exporting nations are not considered burdensome and are rather seen to have become relatively tight.

Markets continue to push lower

Risk premiums created by Russia's invasion of Ukraine have evaporated

Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] Read more