Insights and Stories of Phil Franz-Warkentin

Slight adjustments in AAFC’s April supply/demand report

Apr. 20, 2021 at 8:08 pm CDT

MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in […]

Grain, oilseed exports at strong pace

Apr. 16, 2021 at 7:07 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: Prairie grains firm, watching new-crop weather

Apr. 15, 2021 at 4:56 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong

Apr. 14, 2021 at 7:58 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola fundamentals still strong in volatile market

Apr. 7, 2021 at 7:57 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: USDA acreage numbers provide bullish spark for corn, soy

Mar. 31, 2021 at 9:54 pm CDT

MarketsFarm — Much-anticipated acreage estimates from the U.S. Department of Agriculture, on Wednesday provided a bullish boost to Chicago Board of Trade (CBOT) soybean and corn markets, with planting intentions for both crops coming in well below trade expectations. Corn futures were up by their 25 cents per bushel daily […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola still finding support

Mar. 24, 2021 at 7:54 pm CDT

MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, […]

By Phil Franz-Warkentin

Feed weekly outlook: Wheat stocks should limit barley’s further upside

Mar. 18, 2021 at 7:54 pm CDT

MarketsFarm — Feed barley bids in Western Canada remain strong, although ample wheat supplies should limit the upside heading into the new growing season. Feed barley in the Lethbridge region of southern Alberta is currently trading at around $305-$310 per tonne, according to Jim Beusekom of Market Place Commodities. Prices […]

By Phil Franz-Warkentin

Baltic Dry Index tops 2,000 points

Mar. 17, 2021 at 1:57 am CDT

MarketsFarm — Ocean freight rates have moved steadily higher over the past month, nearing some of their highest levels of the past year. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved higher most of the past month, settling above 2,000 points for the first time […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola’s correction likely short-lived given tight supplies

Mar. 10, 2021 at 4:52 pm CST

MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s […]

By Phil Franz-Warkentin