Insights and Stories of Phil Franz-Warkentin

AAFC lowers canola export forecast

Nov. 22, 2021 at 7:15 pm CST

MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in […]

Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids

Nov. 19, 2021 at 12:42 pm CST

By Phil Franz-Warkentin

Feed weekly outlook: Record imports of U.S. corn likely

Nov. 18, 2021 at 5:12 pm CST

By Phil Franz-Warkentin

Pulse weekly outlook: India’s rabi season underway

Nov. 16, 2021 at 7:21 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Canola’s trend line still pointed higher

Nov. 10, 2021 at 3:38 pm CST

By Phil Franz-Warkentin

Canadian spring wheat bids dip with Minneapolis futures

Nov. 5, 2021 at 3:25 pm CDT

MarketsFarm – Losses in Minneapolis wheat futures weighed on Canadian spring wheat cash bids during the first week of November, although a softer tone in the Canadian dollar did lend some support. Durum bids across the Prairies were up on the week. Average Canada Western Red Spring (13.5 per cent) […]

By Phil Franz-Warkentin

High priced U.S. soybeans/corn due for correction

Nov. 3, 2021 at 5:08 pm CDT

MarketsFarm – With United States soybean and corn harvests nearing completion, anecdotal reports point to better-than-expected yields for both crops that could weigh on futures prices at the Chicago Board of Trade. “It’s amazing that here in the U.S. we have a good corn and soybean crop, considering how dry […]

By Phil Franz-Warkentin

Baltic Dry Index drops to three-month lows

Nov. 3, 2021 at 9:10 am CDT

MarketsFarm – Ocean freight rates have dropped significantly over the past month, with declining demand out of China behind much of the weakness. The Baltic Dry Index (BDI), which is a major indicator of shipping rates, settled at 3,187 points on Nov. 2, marking its lowest level in three months […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola speculators running market higher

Oct. 28, 2021 at 9:17 am CDT

MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI […]

By Phil Franz-Warkentin

Canada’s small, high-protein malt barley crop poses challenges

Oct. 21, 2021 at 4:24 pm CDT

MarketsFarm — The hot and dry 2021 growing season cut significantly into Canada’s barley production, with the weather also leading to higher protein levels for what was harvested. “It will be an extremely tight and difficult year for the malt processors and ultimately for the brewers as well,” said Peter […]

By Phil Franz-Warkentin