Insights and Stories of Phil Franz-Warkentin

July supply/demand report shows just minor revisions

Jul. 18, 2020 at 12:44 am CDT

MarketsFarm — Updated supply/demand estimates released Friday by Agriculture and Agri-Food Canada include only minor revisions from the previous report, taking into account revised acreage estimates Statistics Canada released at the end of June. Canola ending stocks for the current marketing year were lowered by 100,000 tonnes, to 2.5 million […]

Funds covering short positions in canola

Jul. 17, 2020 at 11:33 pm CDT

By Phil Franz-Warkentin

Prairie cash wheat: Bids mixed

Jul. 17, 2020 at 9:30 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Weather the key for soybeans, corn

Jul. 15, 2020 at 5:55 pm CDT

By Phil Franz-Warkentin

Pulse weekly outlook: Manitoba edible beans look good for now

Jul. 15, 2020 at 3:42 pm CDT

By Phil Franz-Warkentin

Canola fund short position smallest in six months

Jul. 13, 2020 at 9:09 pm CDT

MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola nears resistance

Jul. 8, 2020 at 7:16 pm CDT

MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You […]

By Phil Franz-Warkentin

Canola futures testing chart resistance

Jul. 6, 2020 at 11:20 pm CDT

MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to […]

By Phil Franz-Warkentin

Feed weekly outlook: Barley bids soften as sector stabilizes

Jul. 2, 2020 at 7:13 pm CDT

MarketsFarm — Feed barley bids in Western Canada have softened over the past two weeks, as some normalcy returns to the feeding sector. Feed barley bids delivered into the key Lethbridge feeding area have come down by $6-$8 per tonne over the past two weeks, with current prices around $240 […]

By Phil Franz-Warkentin

Attention turns to yield potential after StatsCan report

Jun. 29, 2020 at 1:46 pm CDT

MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern […]

By Phil Franz-Warkentin