Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Trend remains pointed higher for canola

Apr. 20, 2022 at 6:29 pm CDT

MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in […]

Feed weekly outlook: Market stagnant as U.S. corn imports continue

Apr. 14, 2022 at 5:58 pm CDT

By Phil Franz-Warkentin

Pulse weekly outlook: Larger U.S. pea, lentil areas expected

Apr. 12, 2022 at 7:46 pm CDT

By Phil Franz-Warkentin

Drought severity easing across much of Prairies, AAFC reports

Apr. 8, 2022 at 7:37 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Overvalued canola market due for correction

Apr. 6, 2022 at 6:15 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

Mar. 23, 2022 at 3:54 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per […]

By Phil Franz-Warkentin

Prairie cash wheat: Bids rise in choppy activity

Mar. 21, 2022 at 3:14 am CDT

MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday, although the uncertain situation in Ukraine saw some wide price swings in U.S. wheat futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.30-$16.30 per tonne, according to […]

By Phil Franz-Warkentin

AAFC warns of uncertainty in latest crop outlook

Mar. 18, 2022 at 7:52 pm CDT

MarketsFarm — The supply/demand balance sheets for Canada’s major crops were largely left unchanged in the latest outlook Friday from Agriculture and Agri-Food Canada. While the March report only saw minor revisions, the government agency cautioned that “the economic outlook, for the world and Canadian grain markets, is particularly uncertain […]

By Phil Franz-Warkentin

Feed weekly outlook: Sector bracing for logistics challenge

Mar. 17, 2022 at 7:13 pm CDT

MarketsFarm — Feed grain buyers in Alberta’s feedlot alley are well covered with contracted supplies, but the logistics of getting that grain where it needs to be are facing some uncertainty with looming labour action at Canadian Pacific Railway. Buyers in feedlot alley are about 80 per cent covered right […]

By Phil Franz-Warkentin

Spring road bans coming into effect across Prairies

Mar. 15, 2022 at 12:34 pm CDT

MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in […]

By Phil Franz-Warkentin