Insights and Stories of Phil Franz-Warkentin

Dec. 7, 2023 at 1:56 pm CST

China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.

By Glacier FarmMedia, Phil Franz-Warkentin

Dec. 6, 2023 at 3:13 pm CST

The seasonal slowdown in the North American grain and oilseed markets has traders in the Chicago futures taking direction from shifting weather forecasts out of South America, with technical chart signals also at play in the futures heading into the New Year.

By Phil Franz-Warkentin

Dec. 4, 2023 at 2:25 pm CST

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

By Phil Franz-Warkentin

Dec. 4, 2023 at 1:03 pm CST

Australia’s winter crop production likely beat earlier expectations but will still be down considerably compared to the record-large production in recent years, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). 

By Phil Franz-Warkentin

Dec. 1, 2023 at 2:17 pm CST

Spring wheat bids in Western Canada were mixed during the week ended Nov. 1, as futures in the United States hit contract lows before bouncing higher and strength in the Canadian dollar cut into basis levels.

By Phil Franz-Warkentin