Insights and Stories of Phil Franz-Warkentin

Speculative short position grows in canola

Dec. 5, 2022 at 7:44 pm CST

MarketsFarm — Speculators in the ICE Futures canola were busy liquidating long positions and adding to the short side of the market during the last week of November. That’s caused the net short position to grow to its largest level in two months, according to the latest Commitments of Traders […]

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

Dec. 2, 2022 at 5:49 pm CST

By Phil Franz-Warkentin

StatCan data show smaller Canadian canola, durum production

Dec. 2, 2022 at 2:13 pm CST

By Phil Franz-Warkentin

Feed weekly outlook: Looming corn imports to keep lid on Prairie barley

Dec. 1, 2022 at 6:36 pm CST

By Phil Franz-Warkentin

Pulse weekly outlook: Yellow peas under pressure from large volumes

Nov. 29, 2022 at 4:27 pm CST

By Phil Franz-Warkentin

Fund position back to net short in canola

Nov. 28, 2022 at 4:45 pm CST

MarketsFarm — Heavy long-liquidation in ICE Futures canola saw the managed money speculative position flip back to a net short after a brief flirtation with a net long, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The weekly report was delayed […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola’s sideways market nears low end of range

Nov. 23, 2022 at 5:48 pm CST

MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite […]

By Phil Franz-Warkentin

Ocean freight rates under pressure

Nov. 23, 2022 at 2:53 pm CST

MarketsFarm — Ocean freight rates have come under pressure over the past month, nearing their lowest levels of 2022 as mounting COVID-19 cases in China, along with increased restrictions in the country, have contributed to concerns over declining demand. The Baltic Dry Index (BDI), a major indicator of bulk shipping […]

By Phil Franz-Warkentin

ICE weekly outlook: Premium showing in front-month canola

Nov. 16, 2022 at 4:43 pm CST

MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium […]

By Phil Franz-Warkentin

Fund position switches to net long in canola

Nov. 14, 2022 at 6:19 pm CST

MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled […]

By Phil Franz-Warkentin