Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Tue Feb 18, 2014 12:57 PM CST

Despite the advancing harvest in Brazil which is suggested to be on the way to a record crop of some 90 million metric tonnes, there are some positive developments taking place in global vegetable oil markets which may lend some badly needed support for Canada's canola market.

While the non-commercial net-short position for soybean oil came close to record highs in January with a net-short position of 53,854 contracts reached as of Jan. 19 according to CFTC data, this position has since been pared to a net-short of 32,185 contracts, a sign that commercial traders or investors are becoming increasingly ...

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