Insights and Stories of Phil Franz-Warkentin

Oct. 7, 2015 at 4:22 pm CDT

CNS Canada — ICE Futures Canada canola futures tried and failed to break higher on numerous occasions over the past two weeks, but could be poised to finally see a bounce, according to a market analyst. A rebound in palm oil is supporting soyoil, which in turn is supportive for […]

By Phil Franz-Warkentin

Oct. 2, 2015 at 7:36 pm CDT

CNS Canada — A “lack of significant farmer selling” has been a common talking point from analysts when they’ve had to account for some unexplained strength in the canola market in recent weeks. That line may now need to be retired, however, as the official data tells a different story. […]

By Phil Franz-Warkentin

Oct. 1, 2015 at 7:57 pm CDT

CNS Canada — Prairie farmers are in the final stages of harvesting the 2015 wheat crop, and while yields continue to beat earlier expectations, there’s a distinct quality difference between crops harvested early and those harvested late. “In our country, all of the grain was top grade, but anything that […]

By Phil Franz-Warkentin

Sep. 30, 2015 at 4:23 pm CDT

CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent […]

By Phil Franz-Warkentin

Sep. 28, 2015 at 4:47 pm CDT

CNS Canada –– Cash wheat bids across Western Canada posted solid gains during the week ended Friday, as advances in U.S. futures and improving basis levels provided support. Average Canada Western Red Spring (CWRS) wheat prices were up by C$6-$7 per tonne across the three Prairie provinces, according to price […]

By Phil Franz-Warkentin