Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Canola climbs on weather worries

Jul. 12, 2023 at 3:51 pm CDT

MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) […]

Fund short position hits six-month low in canola

Jul. 10, 2023 at 3:48 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Acreage at forefront in soy, corn markets

Jul. 5, 2023 at 6:58 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Canadian bids drop with U.S. futures

Jun. 30, 2023 at 4:38 pm CDT

By Phil Franz-Warkentin

U.S. farmers plant more corn, less soybeans in 2023

Jun. 30, 2023 at 12:50 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: U.S. corn keeps making way into Canadian rations

Jun. 29, 2023 at 6:12 pm CDT

MarketsFarm — The size and quality of the 2023 Canadian grain crop is still very much in the air, but domestic feeders intend to keep at least some corn from the U.S. in their rations going forward no matter what is grown on the Prairies. Canadian buyers have already booked […]

By Phil Franz-Warkentin

Canadian canola, wheat area up on the year: StatCan

Jun. 28, 2023 at 12:18 pm CDT

MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 […]

By Phil Franz-Warkentin

Pulse weekly outlook: Exports strong through three quarters

Jun. 27, 2023 at 5:19 pm CDT

MarketsFarm — Canadian pulse exports continue at a solid pace through nine months of the 2022-23 marketing year, with old-crop prices trending higher over the past month as the market rations demand ahead of the new-crop harvest. Canada has exported 1.713 million tonnes of lentils during the crop year to […]

By Phil Franz-Warkentin

Net short drops in canola as funds cover positions

Jun. 26, 2023 at 8:05 pm CDT

MarketsFarm — Speculative traders were busy covering short positions in ICE Futures canola during the week ended June 20, taking the net short position in the market to its smallest level in four months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). […]

By Phil Franz-Warkentin

AAFC’s June supply/demand estimates mostly unchanged

Jun. 22, 2023 at 2:09 pm CDT

MarketsFarm — Monthly supply/demand projections from Agriculture and Agri-Food Canada were left mostly unchanged in June, as the department awaits updated acreage estimates from Statistics Canada at the end of the month. Only corn saw any adjustments in the numbers from May, with a 200,000-tonne increase in 2022-23 exports, now […]

By Phil Franz-Warkentin