Insights and Stories of Phil Franz-Warkentin

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

Mar. 8, 2023 at 8:10 pm CST

MarketsFarm — Sizeable reductions to Argentina’s soybean and corn crops were confirmed in the latest supply/demand estimates (WASDE) from the U.S. Department of Agriculture, with more reductions likely in future reports. However, attention in the markets is starting to shift to North American weather, with spring seeding just around the […]

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

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

Feed weekly outlook: Prairie markets hold steady

Feb. 2, 2023 at 8:04 pm CST

MarketsFarm — Feed grain markets in Western Canada have seen little change over the past few weeks. Feed barley bids across Western Canada have generally held steady over the past month, with the spot market topping out at $9.58 per bushel in Alberta, according to Prairie Ag Hotwire data. Prices […]

By Phil Franz-Warkentin