Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Benign weather weighs on canola

Jul. 21, 2022 at 2:25 pm CDT

MarketsFarm — ICE Futures canola contracts were seeing choppy activity in mid-July but were under pressure overall, closing at their weakest levels in six months on Wednesday. Relatively favourable Prairie weather, speculative long-liquidation, and pressure from outside markets all weighed on values with more losses likely if no weather concerns […]

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

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

U.S. soybean acres come in below expectations

Jun. 30, 2022 at 3:31 pm CDT

MarketsFarm – Farmers in the United States seeded fewer soybean acres than original intentions and slightly more corn, according to updated acreage estimates from the U.S. Department of Agriculture, released June 30. Total soybean area in the country for the 2022 growing season was pegged at 88.30 million acres by […]

By Phil Franz-Warkentin