Insights and Stories of Phil Franz-Warkentin

Feed weekly outlook: Barley market steady for now

May. 19, 2023 at 5:29 pm CDT

MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in […]

Prairie cash wheat: Bids soften

May. 19, 2023 at 5:19 pm CDT

By Phil Franz-Warkentin

Firm Canadian chickpea market watching world production

May. 18, 2023 at 7:50 pm CDT

By Phil Franz-Warkentin

Pulse weekly outlook: Canadian exports solid

May. 16, 2023 at 7:20 pm CDT

By Phil Franz-Warkentin

Canola fund short position narrows slightly in early May

May. 15, 2023 at 4:22 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola showing independent strength

May. 10, 2023 at 7:29 pm CDT

MarketsFarm — ICE Futures’ canola market saw some independent strength relative to other oilseeds during the week ended Wednesday, as speculative positioning and the need to ration tight old-crop supplies provided support. Canadian canola stocks as of March 31 were pegged at 5.95 million tonnes by Statistics Canada in a […]

By Phil Franz-Warkentin

Canola fund short position grows

May. 8, 2023 at 9:47 pm CDT

MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […]

By Phil Franz-Warkentin

CBOT weekly outlook: U.S. wheat futures correct higher

May. 3, 2023 at 4:08 pm CDT

MarketsFarm — After dropping to their weakest levels of the past two years, U.S. wheat futures were due for the corrective bounce that saw all three markets posted sharp gains on Wednesday. Soybeans and corn saw spillover support from the rally in wheat, with all three markets watching weather conditions […]

By Phil Franz-Warkentin

Fund short position in canola grows for first time in a month

May. 1, 2023 at 8:23 pm CDT

MarketsFarm — After covering bearish bets for four straight weeks, managed money fund traders were back on the sell side of the canola market in late April, covering longs and putting on new short positions. According to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission […]

By Phil Franz-Warkentin

Prairie cash wheat: Bids drop sharply

Apr. 28, 2023 at 8:16 pm CDT

MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the last week of April, as a selloff in U.S. futures more than offset any support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $25.90-$27.50 per […]

By Phil Franz-Warkentin