Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Canola market rising into summer

Jun. 21, 2023 at 8:01 pm CDT

MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While […]

ICE canola futures see record daily trade volume

Jun. 16, 2023 at 7:31 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Weather market for soy, corn

Jun. 14, 2023 at 4:40 pm CDT

By Phil Franz-Warkentin

Fund short position grows in canola

Jun. 12, 2023 at 9:12 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Hard red spring wheat bids rise

Jun. 12, 2023 at 11:51 am CDT

By Phil Franz-Warkentin

Feed weekly outlook: Market in a waiting game

Jun. 8, 2023 at 2:51 pm CDT

MarketsFarm — The feed grain market in Western Canada is holding relatively steady for the time being as both buyers and sellers wait to get a better handle on new-crop production. “It’s a waiting game at this point between the farmer and the feedlot,” said grain merchant Jay Janzen of […]

By Phil Franz-Warkentin

Fund traders add to bearish bets in canola

Jun. 6, 2023 at 3:33 pm CDT

MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, […]

By Phil Franz-Warkentin

ICE weekly outlook: Hard to know where canola will go

May. 31, 2023 at 8:15 pm CDT

MarketsFarm — ICE Futures canola contracts fell hard to end the month of May, dropping to levels not seen in more than two years. While the oversold market may be due for a correction, there could also still be more room to the downside. “It’s hard to have a real […]

By Phil Franz-Warkentin

CBOT weekly outlook: Chicago soy, corn find chart support

May. 24, 2023 at 9:32 pm CDT

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were testing lows in mid-May but appeared to have found some support for the time being. “We’re getting a little technical bounce off these lows,” said John Weyer, director of commercial hedging with Walsh Trading in Chicago. He […]

By Phil Franz-Warkentin

AAFC projecting canola ending stocks to tighten

May. 24, 2023 at 9:06 pm CDT

MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 […]

By Phil Franz-Warkentin