Insights and Stories of Phil Franz-Warkentin

Jan. 8, 2016 at 6:38 pm CST

CNS Canada — U.S. wheat futures hit contract lows over the past week, before seeing a short-covering correction in recent days. However, with ample world supplies and poor export demand, the path of least resistance likely remains lower, according to market participants. The fundamentals are pretty bearish for wheat, but […]

By Phil Franz-Warkentin

Jan. 7, 2016 at 3:27 pm CST

CNS Canada — A downtrend in ocean freight rates shows no sign of letting up, as the Baltic Dry Index again hit fresh historic lows. The Baltic Dry Index (BDI) was quoted at 445 points on Thursday, marking a new low since records began in 1985. The index was trading […]

By Phil Franz-Warkentin

Jan. 6, 2016 at 3:04 pm CST

CNS Canada — Soybean and corn futures at the Chicago Board of Trade trended down over the past two weeks, testing some contract lows in the process. While the potential for a short-covering bounce is there, further losses are also a distinct possibility, depending on what happens in outside energy […]

By Phil Franz-Warkentin

Jan. 4, 2016 at 6:33 pm CST

CNS Canada — Cash spring wheat bids across Western Canada moved lower during the two-week holiday period ending Thursday (Dec. 31), as the U.S. futures also drifted lower during that time frame. Average Canada Western Red Spring (CWRS) wheat prices were down by C$7-$8 per tonne during the two-week period, […]

By Phil Franz-Warkentin

Dec. 23, 2015 at 6:40 pm CST

CNS Canada — ICE Futures Canada canola contracts broke above major resistance levels this week, hitting levels not seen since August. However, as they say, what comes up must come down — and prices were well off of those highs by Tuesday’s close, bringing the market back within its long-standing […]

By Phil Franz-Warkentin