Config.
Marché
Rapport
Unité

COT Canola (ICE US, Winnipeg heritage)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Oilseeds · ICE Futures U.S.

What is the ICE canola futures contract?

Canadian canola

Satellite of CBOT Soybeans

A long means…

Exposure to a rise in deliverable Canadian canola — Prairie seed quoted in Canadian dollars, not Chicago soybeans.

What is this?

Canola is the Prairie oilseed: Canadian food-grade rapeseed (under 2% erucic acid, low glucosinolates) — not Chicago soybeans, and not industrial rapeseed. Production is about 20 million tonnes a year; nearly 90% is consumed in export markets — seed mainly to China, Japan and Mexico, oil and meal to the United States. The seed is about 45% oil, twice soybeans. The ICE US future, a Winnipeg inheritance, delivers FOB truck or rail at par in eastern Saskatchewan, and is quoted in Canadian dollars.

Growers and elevators hedge the sale; crushers hedge buying the seed against oil and meal.

Pitfalls

  • CAD, not USD.
  • 20 t, not 5,000 bu.
  • ICE US / Winnipeg heritage, not CBOT.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.