Insights and Stories of Phil Franz-Warkentin

USDA sees increased EU canola imports, no extra from Canada

Mar. 8, 2023 at 8:20 pm CST

MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 […]

CBOT weekly outlook: Argentina estimates lowered, but attention soon shifting north

Mar. 8, 2023 at 8:10 pm CST

By Phil Franz-Warkentin

Prairie cash wheat: Bids dip with U.S. futures

Mar. 4, 2023 at 12:38 am CST

By Phil Franz-Warkentin

Feed weekly outlook: Barley exports slowing down, local prices steady

Mar. 2, 2023 at 6:18 pm CST

By Phil Franz-Warkentin

Pulse weekly outlook: Peas seeing good Prairie movement

Feb. 28, 2023 at 6:25 pm CST

By Phil Franz-Warkentin

File photo of a docked grain vessel at a Black Sea port in Turkey.

Bulk ocean freight rates recover off lows

Feb. 27, 2023 at 7:12 pm CST

MarketsFarm — Ocean freight rates have shown some strength in late February, with the Baltic Dry Index (BDI) recovering off two-and-a-half-year lows hit earlier in the month. The BDI, a major indicator of bulk shipping rates, has risen for seven straight sessions to settle Monday at 935 points, up from […]

By Phil Franz-Warkentin

ICE weekly outlook: Rising canola market runs into resistance

Feb. 22, 2023 at 5:39 pm CST

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola drifting lower

Feb. 15, 2023 at 5:23 pm CST

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina […]

By Phil Franz-Warkentin

CBOT weekly outlook: Latest USDA adjustments do little to move market

Feb. 8, 2023 at 4:36 pm CST

MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on […]

By Phil Franz-Warkentin

Prairie cash wheat: Spring wheat bids edge higher

Feb. 3, 2023 at 8:11 pm CST

MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Thursday, underpinned by gains in U.S. wheat futures. However, durum bids lost some ground. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by between 10 cents and $5.80 per […]

By Phil Franz-Warkentin