Insights and Stories of Phil Franz-Warkentin

Oct. 16, 2024 at 3:53 pm CDT

The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.

By Phil Franz-Warkentin

Oct. 11, 2024 at 3:03 pm CDT

Hard red spring wheat bids in Western Canada moved to their highest levels in three months during the week ended Oct. 10, as a firm tone in the United States futures and sharp weakness in the Canadian dollar provided support.

By Phil Franz-Warkentin

Oct. 9, 2024 at 3:55 pm CDT

The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.

By Phil Franz-Warkentin

Oct. 4, 2024 at 1:23 pm CDT

Severe hailstorms wreaked havoc on crops across Western Canada, bringing an unexpected surge in claims, according to the latest update from the Canadian Crop Hail Association (CCHA).

By Phil Franz-Warkentin

Oct. 2, 2024 at 4:03 pm CDT

The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.

By Phil Franz-Warkentin