Insights and Stories of Phil Franz-Warkentin

AAFC raises wheat, canola production estimates

Jul. 21, 2022 at 9:54 pm CDT

MarketsFarm — Canadian wheat and canola production are both expected to come in above earlier expectations in updated supply/demand projections from Agriculture and Agri-Food Canada, released Thursday. However, while wheat stocks are also expected to rise, the canola carryout was revised lower due to expected increases in exports and domestic […]

ICE weekly outlook: Benign weather weighs on canola

Jul. 21, 2022 at 2:25 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Bids trend lower with U.S. futures

Jul. 15, 2022 at 4:11 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: Grains under pressure awaiting new crop

Jul. 14, 2022 at 5:06 pm CDT

By Phil Franz-Warkentin

Larger U.S. barley crop expected in 2022

Jul. 13, 2022 at 7:03 pm CDT

By Phil Franz-Warkentin

Larger spring wheat crop expected in U.S.

Jul. 12, 2022 at 8:11 pm CDT

MarketsFarm — Early indications point to a much larger spring wheat crop in the United States in 2022 compared to the drought-stricken 2021 crop despite the late seeding, according to the latest production estimates from the U.S. Department of Agriculture. In USDA’s first official production estimates of the growing season […]

By Phil Franz-Warkentin

Pulse weekly outlook: Pea bids slip as new crop looms

Jul. 12, 2022 at 7:55 pm CDT

MarketsFarm — Top-end yellow and green pea bids in Western Canada have come down over the past month, as old-crop activity slows down and attention turns to the new crop. While tight supplies after the 2021 drought did not leave too many unpriced peas in the countryside, some farmers likely […]

By Phil Franz-Warkentin

Baltic Dry Index at three-month lows

Jul. 11, 2022 at 7:57 pm CDT

MarketsFarm — Ocean freight rates have come under pressure over the past month as demand for freight backs away, which could be seen as a sign of the slowing global economy. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 2,081 points on Monday, […]

By Phil Franz-Warkentin

Canola funds’ position shifts to net short

Jul. 8, 2022 at 8:19 pm CDT

MarketsFarm — Speculative fund money in ICE Futures canola shifted to a net short position for the first time in two years, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola selloff shows signs of slowing

Jul. 6, 2022 at 7:16 pm CDT

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of running out of steam. The most-active November contract dipped below the $800 per tonne level on Tuesday and Wednesday — […]

By Phil Franz-Warkentin