Insights and Stories of Phil Franz-Warkentin

Aug. 19, 2016 at 5:41 pm CDT

CNS Canada –– Canola crush margins remain very wide, and are showing no signs of narrowing back in. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $130 above the November contract, which compares with levels at the same time a year ago […]

By Phil Franz-Warkentin

Aug. 19, 2016 at 12:39 pm CDT

CNS Canada — Canadian farmers are sitting on large crops ahead of this year’s harvest, although just how large remains to be seen as industry participants await Statistics Canada’s first survey results of the crop year, set for release on Tuesday. Pre-report trade estimates on canola production range anywhere from […]

By Phil Franz-Warkentin

Aug. 17, 2016 at 4:47 pm CDT

CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates […]

By Phil Franz-Warkentin

Aug. 5, 2016 at 4:53 pm CDT

CNS Canada — Feed barley prices in Western Canada are trending lower, and likely have more room to the downside as new-crop barley hasn’t even started to enter the market. “Every time we think we’ve found a bottom, it seems to drop again,” said Jared Seitz of Agfinity, an Alberta-based […]

By Phil Franz-Warkentin

Aug. 3, 2016 at 5:17 pm CDT

CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund traders adding to short positions were behind much of the weakness in canola, although traders said the net short position […]

By Phil Franz-Warkentin