Insights and Stories of Phil Franz-Warkentin

Feb. 23, 2022 at 6:40 pm CST

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment […]

By Phil Franz-Warkentin

Feb. 18, 2022 at 6:37 pm CST

MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies […]

By Phil Franz-Warkentin

Feb. 16, 2022 at 7:59 pm CST

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative […]

By Phil Franz-Warkentin

Feb. 9, 2022 at 5:09 pm CST

MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture on Wednesday included only minor revisions, with the lacklustre report doing little to move the market. While South American production numbers were revised lower, further downward revisions are likely in subsequent reports, according to a market analyst. “We were […]

By Phil Franz-Warkentin

Feb. 8, 2022 at 7:42 pm CST

MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous […]

By Phil Franz-Warkentin