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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
Alberta Crop Report
Saskatchewan Crop Report
Ex-Mountie Hailed as Hero
Shots at Canada's Parliament Building
Manitoba Crop Report
Alberta Crop Report
EPA Questions Neonics
Manitoba Crop Report