Insights and Stories of Phil Franz-Warkentin

Jul. 10, 2024 at 2:03 pm CDT

Soybean and corn futures at the Chicago Board of Trade fell to fresh contract lows in early July, as relatively favourable growing conditions and bearish technical signals weighed on values.

By Phil Franz-Warkentin

Jul. 9, 2024 at 2:36 pm CDT

Above-normal precipitation and cooler temperatures helped drought conditions improve across most of the Canadian Prairies in June, according to the latest drought monitor report from Agriculture and Agri-Food Canada showing conditions as of June 30.

By Phil Franz-Warkentin

Jul. 8, 2024 at 3:59 pm CDT

Fund traders continued to add to their large net short positions in canola as the calendar flipped to the final month of the 2023/24 marketing year for the crop, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

By Phil Franz-Warkentin

Jul. 4, 2024 at 2:57 pm CDT

Farmers still holding onto old crop feed barley in hopes of better prices may be out of luck this year, as bids continue to drift lower with attention in the market turning to the upcoming new crop.

By Phil Franz-Warkentin

Jul. 3, 2024 at 2:33 pm CDT

The government agency called for a 50 to 60 per cent chance of above normal temperatures from July through September across most of the three Prairie provinces. The likelihood of warmer than normal temperatures is even higher in the rest of the country, especially in Quebec and the Atlantic provinces.

By Phil Franz-Warkentin