NEWS
Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Jul 18, 2014 05:41 PM CDT

We've lately talked about the oversold nature of the wheat markets, as seen in the lower study of the attached chart. Both daily and weekly charts across all three classes of wheat remain deeply oversold, with momentum indicators below 20%. This creates a situation where market direction can change quickly, often lead by the nervous short-covering by investors.

While investors were reported to be holding a net-long position of 8,057 contracts of spring wheat as of July 15, as reported by the CFTC, investors held a net-short position of Chicago SRW of 42,704 contracts which was the largest net-short position ...

Quick View
  • Crop Tech Corner Researchers have developed GE wheat that yields far better under hot conditions, a wheat gene is ...
  • The Attraction of Youth Combine genotyping with a yearling bull, or even a weanling, and you're less likely to make a poo...
  • Kubota Steps Up A new mid-range, high-horsepower M7 tractor moves this company into the row-crop arena.
  • Fines for Fringe Benefits A little-noticed rule in the Affordable Care Act could impose huge penalties on small business. I...
  • Clean Water Goes a Long Way Cleaning up 900 feet of a small creek in Kentucky brings rebirth to water once choked with sedime...
  • Beef Checkoff Effort Resumes Members of the eight organizations comprising the Beef Checkoff Enhancement Working Group were se...
  • Ag and Environment Outlook Agriculture continues to watch how the U.S. Environmental Protection Agency implements the propos...
  • Surgery on Plastics Dharma Kodali's goal is to insert soybean oil in the basic ingredient list for PVC plastics.
  • Ask the Vet How should I treat a cow with a swelling on her flank?
Related News Stories
Truck Drivers in Short Supply
Under the Agridome
CWB Announces Lower PROs
Under the Agridome
Under the Agridome