Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Falling canola market seeks support

Nov. 1, 2023 at 5:56 pm CDT

MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The […]

Fund short position hits new record in ICE canola

Oct. 30, 2023 at 10:34 am CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

Oct. 25, 2023 at 8:15 pm CDT

By Phil Franz-Warkentin

Little change in AAFC’s October supply/demand outlook

Oct. 24, 2023 at 5:55 pm CDT

By Phil Franz-Warkentin

Managed money adding to net short positions in canola

Oct. 23, 2023 at 5:14 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Spring wheat bids rise with U.S. futures

Oct. 22, 2023 at 5:40 pm CDT

MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, as gains in U.S. futures and weakness in the Canadian dollar provided support. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5-$10.20 per tonne across the Prairies, […]

By Phil Franz-Warkentin

Feed weekly outlook: Grains steady, waiting on U.S. corn imports

Oct. 19, 2023 at 6:13 pm CDT

MarketsFarm — More feed barley is reportedly making its way into Alberta cattle rations for the time being as recently-harvested supplies are competitive with corn imports from the U.S. While nearby demand is keeping the domestic market reasonably steady, more corn will likely start making its way north over the […]

By Phil Franz-Warkentin

Bulk ocean freight at highest level of past year

Oct. 18, 2023 at 7:58 pm CDT

MarketsFarm — Ocean freight rates have shown some strength over the past two months, with the Baltic Dry Index (BDI) at its highest level of the past year. The BDI, a major indicator of bulk shipping rates, settled at 2,058 points on Tuesday, marking the first close above 2,000 points […]

By Phil Franz-Warkentin

Pulse weekly outlook: Smaller North American dry bean crops to underpin prices

Oct. 17, 2023 at 3:13 pm CDT

MarketsFarm — Variable weather conditions during the 2023 growing season cut into edible bean production in some key North American growing regions, with tighter supplies overall likely to keep prices well supported. “The whole world is a little short of beans this year,” said Mitch Coulter, executive director of the […]

By Phil Franz-Warkentin

Fund short position grows in canola

Oct. 16, 2023 at 7:44 pm CDT

MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net […]

By Phil Franz-Warkentin