By BARRY COLEMAN, Northern Canola Growers Association
Canola prices have stabilized after the commodity market meltdown, as the market attention turns to new crop conditions and the weather outlook. Given that speculative fund money is now in a net short position in ICE canola futures, the bullish optimism of traders seems to have faded along with the sentiment in anything commodity related. The last time there was a net short position in canola was two years ago.
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