Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Canola strength shows no signs of fading

Jan. 5, 2022 at 7:52 pm CST

MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the […]

AAFC adjusts grain, oilseed balance sheets slightly

Dec. 20, 2021 at 6:04 pm CST

By Phil Franz-Warkentin

Feed weekly outlook: Bids high, but limited supplies mean little moving

Dec. 16, 2021 at 8:54 pm CST

By Phil Franz-Warkentin

CBOT weekly outlook: Soybeans, corn enter holiday mode

Dec. 15, 2021 at 7:28 pm CST

By Phil Franz-Warkentin

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

Dec. 13, 2021 at 6:46 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Canola futures still well supported

Dec. 8, 2021 at 5:10 pm CST

MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, […]

By Phil Franz-Warkentin

Prairie cash wheat: Bids mixed, watching futures and currency

Dec. 3, 2021 at 9:32 pm CST

MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to […]

By Phil Franz-Warkentin

Smaller crops likely in StatsCan survey-based report

Dec. 1, 2021 at 3:14 pm CST

MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in […]

By Phil Franz-Warkentin

Pulse weekly outlook: Feed peas in short supply

Nov. 30, 2021 at 9:12 pm CST

MarketsFarm — Hot and dry growing conditions cut into Canada’s pea production in 2021-22 — but the quality was relatively good, which means feed peas are in even shorter supply. “Yields were low across the harvest this year, but I’d say quality was quite good on yellow and green peas,” […]

By Phil Franz-Warkentin

Feed weekly outlook: Prairie grains remain firm

Nov. 25, 2021 at 5:56 pm CST

MarketsFarm — Feed grain prices in Western Canada remain strong in late November, although looming corn imports from the U.S. should keep a lid on the upside. Feed barley in Alberta is currently topping out at $9.78 per bushel, with feed wheat above $12 in some cases, according to Prairie […]

By Phil Franz-Warkentin