Insights and Stories of Phil Franz-Warkentin

Apr. 26, 2024 at 4:32 pm CDT

Spring wheat bids in Western Canada climbed higher during the week ended April 25, as a rally in United States futures provided support. Chart-based speculative buying was behind much of the strength in the futures, as fund traders bought back some of their large net short position. Declining crop ratings […]

By Phil Franz-Warkentin

Apr. 25, 2024 at 12:47 pm CDT

Early expectations point to increased Canadian grain production in 2024/25, which should cut into corn imports from the United States, according to a report from the U.S. Department of Agriculture’s attaché in Ottawa.

By Phil Franz-Warkentin

Apr. 23, 2024 at 2:47 pm CDT

Tightening supplies and solid demand continue to keep pea bids well supported in Western Canada, although uncertainty over whether that demand will continue was keeping some caution in the market as attention turns to the upcoming crop.

By Phil Franz-Warkentin

Apr. 22, 2024 at 10:13 am CDT

The net managed money short position in canola grew for the first time in seven weeks as fund traders put on fresh bearish bets in mid-April, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

By Phil Franz-Warkentin

Apr. 17, 2024 at 3:37 pm CDT

Canola futures broke below major chart support levels in mid-April, with nearby price trends all turning lower as attention in the market turns to the upcoming crop.

By Phil Franz-Warkentin