Insights and Stories of Phil Franz-Warkentin

ICE weekly outlook: Canola’s top likely in for 2020

Oct. 28, 2020 at 8:31 pm CDT

MarketsFarm — The shine has officially come off the ICE Futures canola market, with prices dropping well below their multi-year highs during the last week of October. The most active January contract hit an overnight low of $514 per tonne on Wednesday, but managed to settle at $535.60. That compares […]

Canada’s wheat ending stocks projections raised

Oct. 23, 2020 at 7:42 pm CDT

By Phil Franz-Warkentin

Fund traders grow long positions in canola, U.S. futures

Oct. 23, 2020 at 7:27 pm CDT

By Phil Franz-Warkentin

Pulse weekly outlook: Manitoba’s edible beans come off in good shape

Oct. 20, 2020 at 4:52 pm CDT

By Phil Franz-Warkentin

Feed weekly outlook: Demand keeps Canadian barley well supported

Oct. 15, 2020 at 7:55 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Soy, corn could retest highs

Oct. 14, 2020 at 6:16 pm CDT

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade backed away from nearby highs over the past week, but could be poised to retest those levels as the underlying fundamentals remain supportive. “I think we’ll need another headline of sorts, whether it be a weather or sales […]

By Phil Franz-Warkentin

ICE weekly outlook: ‘Demand-pull’ environment supports canola

Oct. 7, 2020 at 6:10 pm CDT

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst […]

By Phil Franz-Warkentin

Funds still holding large net long position in canola

Oct. 2, 2020 at 5:43 pm CDT

MarketsFarm — Funds’ net long position in canola remained large during the week ended Tuesday, with only small adjustments in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE […]

By Phil Franz-Warkentin

Feed weekly outlook: Bids hold firm in West

Oct. 2, 2020 at 2:33 am CDT

MarketsFarm — Feed grain bids in Western Canada remain firm at the beginning of October, with a lack of significant farmer selling keeping the market underpinned as harvest wraps up across the Prairies. The barley harvest is mostly complete across the Prairies, but total yields and production remain to be […]

By Phil Franz-Warkentin

Pulse weekly outlook: Peas, lentils see some strength

Sep. 29, 2020 at 3:58 pm CDT

MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently […]

By Phil Franz-Warkentin