Insights and Stories of Phil Franz-Warkentin

Oct. 30, 2024 at 3:47 pm CDT

Soybean and corn futures at the Chicago Board of Trade were pressured by losses in crude oil over the past week, but uncovered support and could see some choppiness ahead of the United States election. The commodities were in a 'tug-o-war' as large supplies were countered by good demand.

By Phil Franz-Warkentin

Oct. 29, 2024 at 2:16 pm CDT

Ukrainian grain exports are expected to be down in the 2024/25 marketing year due to smaller crops, tighter carryout stocks and the ongoing challenges of shipping through the Black Sea, according to the United States Department of Agriculture’s Foreign Agricultural Service in Kyiv.

By Phil Franz-Warkentin

Oct. 28, 2024 at 1:29 pm CDT

The net fund short position in canola fell to its lowest level in six months during the week ended Oct. 22, as speculators covered bearish bets and put on new longs, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

By Phil Franz-Warkentin

Oct. 24, 2024 at 4:27 pm CDT

Hard red spring wheat bids in Western Canada were mixed during the week ended Oct. 24, although the general bias was lower in most locations.

By Phil Franz-Warkentin

Oct. 24, 2024 at 2:11 pm CDT

Rising corn prices in the United States could provide support for feed grains in Western Canada, although the current price spread remains conducive for imports of U.S. corn into Canadian feed channels.

By Phil Franz-Warkentin