Insights and Stories of Phil Franz-Warkentin

Fund traders back on the long side in canola

Jan. 9, 2023 at 8:06 pm CST

MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in […]

ICE weekly outlook: Sideways canola market watching macros

Jan. 4, 2023 at 8:20 pm CST

By Phil Franz-Warkentin

Prairie cash wheat: Bids mostly higher

Dec. 27, 2022 at 1:16 am CST

By Phil Franz-Warkentin

Feed weekly outlook: Alberta barley bids steady heading into holidays

Dec. 22, 2022 at 2:39 pm CST

By Phil Franz-Warkentin

Pulse weekly outlook: Tightening Canadian lentil stocks expected

Dec. 20, 2022 at 5:04 pm CST

By Phil Franz-Warkentin

AAFC raises canola stocks projection, despite smaller crop

Dec. 16, 2022 at 7:24 pm CST

MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola trade’s focus on South America

Dec. 14, 2022 at 7:55 pm CST

MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, looking for some direction to push values one way or the other. “We’re just watching South American weather now,” said Jaimie Wilton, commodities futures specialist with RJ O’Brien in Winnipeg, pointing to the drought in Argentina […]

By Phil Franz-Warkentin

USDA supply/demand estimates show only minor updates

Dec. 9, 2022 at 2:38 pm CST

MarketsFarm — Updated supply-and-demand (WASDE) tables from the U.S. Department of Agriculture included only minimal adjustments to the U.S. and world numbers, with larger revisions likely in the New Year. U.S. soybean and wheat ending stocks projections for the current marketing year were left unchanged, while the corn number was […]

By Phil Franz-Warkentin

CBOT weekly outlook: Soy futures find support, but upside limited

Dec. 7, 2022 at 6:40 pm CST

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some […]

By 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 […]

By Phil Franz-Warkentin