Insights and Stories of Phil Franz-Warkentin

Feds tighten forecast for wheat carryout

Oct. 21, 2021 at 3:17 pm CDT

MarketsFarm — Canadian wheat carryout for the 2021-22 crop year will be even tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Wednesday. The October report included only minor adjustments for most crops, with the most notable change from September being a 500,000-tonne […]

CBOT weekly outlook: Soy, corn strength impressive for time of year

Oct. 20, 2021 at 12:56 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: CWRS bids up with U.S. futures

Oct. 15, 2021 at 6:18 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola still rangebound

Oct. 13, 2021 at 5:04 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Bids rise with U.S. futures

Oct. 8, 2021 at 7:44 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola feeling the energy

Oct. 6, 2021 at 5:39 pm CDT

MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely […]

By Phil Franz-Warkentin

Canola exports down 72 per cent through eight weeks

Oct. 1, 2021 at 7:31 pm CDT

MarketsFarm — Canadian canola and wheat exports continue to run well behind the year-ago pace, with movement of all crops down 34 per cent through the first eight weeks of the 2021-22 crop year. Total exports of all of the major grains, oilseeds and pulses as of Sunday, at 4.714 […]

By Phil Franz-Warkentin

U.S. spring wheat crop down sharply in 2021

Sep. 30, 2021 at 4:01 pm CDT

MarketsFarm — Spring wheat production in the United States was down sharply in 2021, according to the latest annual small grains report from the U.S. Department of Agriculture. Total spring wheat production was pegged at 9.01 million tonnes by the government agency, down 44 per cent from the 15.99 million […]

By Phil Franz-Warkentin

Feed weekly outlook: Canadian markets firm, waiting on U.S. corn

Sep. 29, 2021 at 7:05 pm CDT

MarketsFarm — Canadian feed grain bids remain strong, although end-users are only buying on a hand-to-mouth basis as they await an influx of cheaper corn imports from the U.S. “Everybody is waiting on the corn situation to figure out where we’ll go,” said Suzanne Leclerc, owner of Market Master Ltd. […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola waiting on fresh news

Sep. 22, 2021 at 5:36 pm CDT

MarketsFarm — The ICE Futures canola market held rangebound during the week ended Wednesday, looking for some direction. “None of these markets are flashing any strong signals that there’s much going on… they’re waiting for fresh news and there isn’t much around right now,” said Ken Ball of PI Financial […]

By Phil Franz-Warkentin