Insights and Stories of Phil Franz-Warkentin

CBOT weekly outlook: Rising U.S. corn, soy yields ‘a little surprising’

Nov. 9, 2022 at 7:22 pm CST

MarketsFarm — Updated estimates in the U.S. Department of Agriculture’s monthly supply/demand report, released Wednesday, saw larger than expected increases to soybean and corn yield estimates in the country. However, that data did little to move the markets, with the commodities likely stuck in a sideways range for the time […]

Fund short position in canola dips to four-month low

Nov. 8, 2022 at 11:38 am CST

By Phil Franz-Warkentin

China top destination for Canadian wheat through two months

Nov. 4, 2022 at 3:16 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: Tight logistics underpinning Prairie feed market

Nov. 4, 2022 at 9:28 am CDT

By Phil Franz-Warkentin

Manitoba nets average crops in 2022 after wet spring

Nov. 2, 2022 at 11:59 am CDT

By Phil Franz-Warkentin

Green peas regain premium over yellows

Nov. 1, 2022 at 3:51 pm CDT

MarketsFarm – Solid demand and tighter supplies have seen green pea bids regain a premium over yellow peas in Western Canada, although the market for both varieties remains solid overall. Green peas historically trade at premium to yellow peas due to higher quality specs and concerns over bleaching, but increased […]

By Phil Franz-Warkentin

ICE weekly outlook: Sideways canola market due for a move

Oct. 26, 2022 at 4:17 pm CDT

MarketsFarm – The ICE Futures canola market largely held within its well-established sideways trading range during the week ended Oct. 26, with only the nearby November contract breaking higher as short-covering ahead of its expiry gave the month a boost. The January contract has held in a narrow range between […]

By Phil Franz-Warkentin

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

Oct. 23, 2022 at 12:48 am CDT

MarketsFarm — Spring wheat bids in Western Canada moved lower during the week ended Thursday, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $2-$4.50 per tonne during the […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola sees choppy, sideways month-end trade

Oct. 19, 2022 at 5:23 pm CDT

MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola’s wide crush margins supportive

Oct. 12, 2022 at 5:12 pm CDT

MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out […]

By Phil Franz-Warkentin