Insights and Stories of Phil Franz-Warkentin

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

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

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

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

Oct. 7, 2022 at 3:49 pm CDT

MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first […]

By Phil Franz-Warkentin