Insights and Stories of Phil Franz-Warkentin

Jul. 11, 2025 at 11:57 am CDT

Corn and soybean yields in the United States were left unchanged in the latest supply/demand estimates from the U.S. Department of Agriculture, released July 11, although a reduction in harvested area led to small downward revisions to production for the crops.

By Phil Franz-Warkentin

Jul. 10, 2025 at 3:25 pm CDT

Cattle futures on the Chicago Mercantile Exchange were mixed on Thursday, with fresh contract highs in the feeder cattle market while live cattle ran into resistance at their own highs to settle with small losses.

By Phil Franz-Warkentin

Jul. 9, 2025 at 4:15 pm CDT

Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.

By Phil Franz-Warkentin

Jul. 8, 2025 at 3:35 pm CDT

Cattle futures on the Chicago Mercantile Exchange continued to set new records on Tuesday, as improving packer margins, strong demand and chart-based buying provided support. August feeder cattle futures were up by 5.400 cents per pound at 319.125 cents per pound. The August live cattle contract gained 4.075 cents per […]

By Phil Franz-Warkentin

Jul. 7, 2025 at 3:29 pm CDT

Cattle futures on the Chicago Mercantile Exchange were stronger on Monday, hitting fresh highs in the feeder market after the Independence Day weekend while live cattle lagged to the upside. August feeder cattle futures were up by 4.225 cents per pound at 313.725 cents per pound. The August live cattle […]

By Phil Franz-Warkentin