Insights and Stories of Phil Franz-Warkentin

Drought conditions ease slightly across Prairies

Feb. 8, 2022 at 7:22 pm CST

MarketsFarm — Mixed precipitation throughout January helped drought conditions improve across much of the Canadian Prairies during the month, according to the latest Drought Monitor report from Agriculture and Agri-Food Canada (AAFC), released Tuesday. Conditions have deteriorated in some areas, however, and the majority of Western Canada was still in […]

ICE weekly outlook: Canola moving back in line with soybeans

Feb. 2, 2022 at 7:20 pm CST

By Phil Franz-Warkentin

Prairie cash wheat: Bids mixed amid conflicting influences

Jan. 28, 2022 at 7:05 pm CST

By Phil Franz-Warkentin

Feed weekly outlook: Markets facing uncertainty

Jan. 27, 2022 at 9:30 pm CST

By Phil Franz-Warkentin

Pulse weekly outlook: Early signs point to larger Canadian crops

Jan. 25, 2022 at 7:32 pm CST

By Phil Franz-Warkentin

Larger Canadian crops predicted in AAFC’s first 2022 outlook

Jan. 24, 2022 at 2:10 pm CST

MarketsFarm — A return to trend-line yields after the past year’s drought should lead to a significant increase in Canadian crop production in 2022, according to the first supply/demand estimates for the 2022-23 season from Agriculture and Agri-Food Canada (AAFC), released late Friday. Seeded area is expected to be up […]

By Phil Franz-Warkentin

ICE weekly outlook: Choppy canola trade expected

Jan. 19, 2022 at 6:28 pm CST

MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per […]

By Phil Franz-Warkentin

CBOT weekly outlook: ‘No fireworks’ in January USDA reports

Jan. 12, 2022 at 6:31 pm CST

MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put […]

By Phil Franz-Warkentin

Highs may be in on flax as attention turns to new crop

Jan. 11, 2022 at 4:06 pm CST

MarketsFarm — The highs may be in for flaxseed bids in Western Canada, with end-users covered for the time being as attention turns to the 2022 crop. “(Canadian flax) is expensive relative to other markets,” said analyst Marlene Boersch of Mercantile Consulting, speaking via Zoom in Winnipeg on Tuesday to […]

By Phil Franz-Warkentin

Funds holding record-large net long position in canola

Jan. 7, 2022 at 10:06 pm CST

MarketsFarm — Fund traders remain bullish in the canola market, growing their net long position to a new record in the latest Commitment of Traders report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of […]

By Phil Franz-Warkentin