Insights and Stories of Phil Franz-Warkentin

Prairie cash wheat: Bids mixed, reacting to futures and loonie

Sep. 25, 2020 at 9:43 pm CDT

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by support from a weakening Canadian dollar. The currency lost roughly a full cent during the week. Average Canada Western Red Spring (13.5 per cent protein) wheat prices […]

AAFC lowers wheat carryout estimate, raises canola

Sep. 25, 2020 at 7:52 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Harvest pressure to weigh on soy, corn

Sep. 23, 2020 at 3:46 pm CDT

By Phil Franz-Warkentin

Oats values hold steady at harvest

Sep. 23, 2020 at 1:15 am CDT

By Phil Franz-Warkentin

Funds’ net long keeps growing in canola

Sep. 18, 2020 at 5:19 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola futures at two-year highs

Sep. 16, 2020 at 5:32 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said […]

By Phil Franz-Warkentin

Fund long position in canola hits new record

Sep. 14, 2020 at 7:12 pm CDT

MarketsFarm — Fund traders added to their sizeable long positions in canola during the week ended Tuesday (Sept. 8), hitting the largest net long position in the two years of available data. The latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC) showed managed […]

By Phil Franz-Warkentin

Feed weekly outlook: Barley finds support in lull between old, new crops

Sep. 10, 2020 at 2:16 pm CDT

MarketsFarm — Feed barley bids in Western Canada are seeing some modest strength in early September, as old-crop supplies run out and the new crop is not yet available. “Prices have definitely gone up this past week,” said Mike Fleischhauer of Eagle Commodities at Lethbridge. Expectations for a good 2020 […]

By Phil Franz-Warkentin

Fund traders add to net long in canola, soybeans

Sep. 9, 2020 at 12:21 am CDT

MarketsFarm — Fund traders remain bullish on soybeans and canola, adding to their net long positions in the two oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures […]

By Phil Franz-Warkentin

Prairie cash wheat: Bids trend higher

Sep. 4, 2020 at 11:34 am CDT

MarketsFarm — Spring wheat bids in Western Canada were mostly higher during the week ended Friday, taking some direction from U.S. futures. Midweek strength in the Canadian dollar had pressured basis levels, but the currency retreated to be relatively unchanged on the week. Average Canada Western Red Spring (13.5 per […]

By Phil Franz-Warkentin