Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Canola rangebound, watching weather

May. 7, 2014 at 5:42 pm CDT

CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as the market retreated from nearby highs. However, canola is lacking any clear direction for the time being and is expected to remain rangebound overall until some fresh fundamental news comes forward. “The market is […]

U.S. wheat futures still rising, but ‘getting tired’

May. 5, 2014 at 6:06 am CDT

By Phil Franz-Warkentin

StatsCan canola area intentions come in below expectations

Apr. 24, 2014 at 2:29 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola down, but still watching beans

Apr. 23, 2014 at 8:39 pm CDT

By Phil Franz-Warkentin

Less wheat, more canola expected in Canada

Apr. 21, 2014 at 5:50 pm CDT

By Phil Franz-Warkentin

CWRS wheat cash bids edge down, basis steady

Apr. 14, 2014 at 5:39 pm CDT

CNS Canada –– Cash bids for Canada Western Red Spring (CWRS) wheat held relatively steady during the week ended Monday, posting small losses in many locations in sympathy with the Minneapolis futures. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around […]

By Phil Franz-Warkentin

ICE weekly outlook: Charts up for canola, but little else

Apr. 9, 2014 at 4:02 pm CDT

CNS Canada — ICE Futures Canada canola contracts posted solid gains during the week ended Wednesday, as prices broke above nearby resistance and speculators added to long positions. While there is still more room to the upside from a chart standpoint, an analyst cautioned there was little fundamental news to […]

By Phil Franz-Warkentin

Logistics still propping up old-crop oats

Apr. 8, 2014 at 5:49 pm CDT

CNS Canada — The oats futures market remains at a considerable inverse, with the old-crop May contract in Chicago trading at an 88-cent premium over the new-crop December as logistics issues continue to hamper Canadian grain movement. “There are oats on farm, but the U.S. mills are having a hard […]

By Phil Franz-Warkentin

Specs book profits in soybeans, but trend still up overall

Apr. 2, 2014 at 3:47 pm CDT

CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but profit-taking came forward to limit the advances. And while more speculative long liquidation is possible in the short-term, the longer-range trend remains pointed higher, according to an analyst. Soybeans had rallied […]

By Phil Franz-Warkentin

ICE weekly outlook: Farmer selling to limit canola gains

Mar. 28, 2014 at 6:09 pm CDT

CNS Canada — ICE Futures Canada canola contracts dropped sharply during the week ended Wednesday, but managed to recover off of those nearby lows with oversold price sentiment and an increase in commercial demand providing some support. Further gains may be hard to come by, however, as large unpriced supplies […]

By Phil Franz-Warkentin