Insights and Stories of Phil Franz-Warkentin

Pulse weekly outlook: World chickpea supplies expected tight over next six months

Apr. 4, 2023 at 1:36 pm CDT

MarketsFarm — Chickpeas are expected to be in short supply around the world over the next six months, according to a release from the Global Pulse Confederation (GPC). Hot and dry weather in India cut production prospects for that country’s kabuli chickpea crop, according to the report. Production out of […]

Canola short position finally subsiding

Apr. 4, 2023 at 12:50 pm CDT

By Phil Franz-Warkentin

Canola fund short position still rising

Mar. 23, 2023 at 10:59 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: Domestic grain prices slipping

Mar. 23, 2023 at 8:05 pm CDT

By Phil Franz-Warkentin

AAFC supply/demand estimates mostly unchanged

Mar. 22, 2023 at 5:28 pm CDT

By Phil Franz-Warkentin

Pulse weekly outlook: Steady world trade expected in 2023

Mar. 21, 2023 at 7:29 pm CDT

MarketsFarm — World trade in chickpeas and lentils is expected to remain relatively steady in 2023, with solid demand from South Asia underpinning markets, according to the latest outlook from the International Grains Council. The IGC sees the world trade in chickpeas in 2023 at about 1.9 million tonnes, which […]

By Phil Franz-Warkentin

ICE weekly outlook: No floor in sight for overdone canola

Mar. 15, 2023 at 8:38 pm CDT

MarketsFarm — The ICE Futures canola market was in freefall mode through the first half of March, hitting its weakest levels in over a year. While the losses may be looking overdone, the bottom remains to be seen. “This has been a brutal drop in canola,” said Bruce Burnett, director […]

By Phil Franz-Warkentin

Confirmation of large canola short position slowly appears

Mar. 10, 2023 at 8:00 pm CST

MarketsFarm — The size of the fund short position in canola rose in February and likely grew even larger in March, as weekly Commitments of Traders data slowly trickles out from the U.S. Commodity Futures Trading Commission (CFTC). CFTC data has stalled since a ‘cyber-related incident’ delayed the release of […]

By Phil Franz-Warkentin

Spring road bans loom across Prairies

Mar. 10, 2023 at 7:54 pm CST

MarketsFarm — The looming spring melt across Western Canada will likely disrupt some grain and livestock movement over the next few weeks, as seasonal spring road restrictions come into effect across the Prairies. Spring road restrictions set axle weight limits for vehicles moving on certain roads to reduce the damage […]

By Phil Franz-Warkentin

Reading between the lines: Oversold canola due for correction

Mar. 9, 2023 at 8:03 pm CST

MarketsFarm — Canola futures posted sharp losses over the past week, with the May contract touching its weakest level in six months. While damage was done from a chart standpoint, there are technical signs that a recovery is possible. RSI The relative strength index (RSI) is a technical indicator that […]

By Phil Franz-Warkentin