Insights and Stories of Phil Franz-Warkentin

Nov. 5, 2015 at 6:00 am CST

Winnipeg/Commodity News Service Canada – ICE Futures Canada canola contracts moved higher during the week ended November 4, bouncing off of nearby support levels. However, the market remains range-bound overall with little to indicate a break outside of that range. “These are just choppy markets,” said Ken Ball, of PI […]

By Phil Franz-Warkentin

Nov. 3, 2015 at 9:40 am CST

Winnipeg/Commodity News Service Canada – ‘A lack of significant farmer selling’ has been a common talking point from analysts whenever they’ve had to account for some unexplained strength in the canola market in recent weeks. However, that line may need to be retired, as the official data tells a different […]

By Phil Franz-Warkentin

Oct. 30, 2015 at 8:56 am CDT

CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators […]

By Phil Franz-Warkentin

Oct. 29, 2015 at 10:25 am CDT

Seasonal harvest pressure has weighed on flaxseed bids in Western Canada over the past month or so, but the weaker Canadian dollar is providing some support. Current spot flaxseed bids are in the $11.00 to $11.50 per bushel area, with top-end prices having lost over a dollar over the past […]

By Phil Franz-Warkentin

Oct. 26, 2015 at 6:06 pm CDT

CNS Canada — Cash wheat bids across Western Canada moved higher during the week ended Friday, as basis levels showed some improvement at most locations. Average Canada Western Red Spring (CWRS) wheat prices were up by C$7-$8 per tonne on average across the three Prairie provinces, according to price quotes […]

By Phil Franz-Warkentin