Insights and Stories of Phil Franz-Warkentin

CBOT weekly outlook: Corn, soy in ‘Groundhog Day’ mode ahead of report

Jun. 24, 2020 at 10:40 pm CDT

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade are biding their time in narrow, rangebound trade, awaiting updated acreage and stocks data from the U.S. Department of Agriculture later in the month. “It’s almost like Groundhog Day,” said Terry Reilly of Futures International in Chicago, referring […]

Little change seen in June’s crop supply/demand tables

Jun. 23, 2020 at 7:58 pm CDT

By Phil Franz-Warkentin

Fund short position edging down in canola

Jun. 19, 2020 at 8:10 pm CDT

By Phil Franz-Warkentin

Hog sector hit hard by pandemic

Jun. 17, 2020 at 6:14 pm CDT

By Phil Franz-Warkentin

CBOT weekly outlook: Spring wheat premium widening over winter wheat

Jun. 17, 2020 at 5:32 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Attention on weather after short-covering rally in canola

Jun. 10, 2020 at 8:34 pm CDT

MarketsFarm — ICE Futures canola contracts have recovered off of lows hit at the beginning of the month, with speculative short-covering a feature as attention in the markets turns to North American growing conditions. While canola ran into some resistance Wednesday, there may still be more room to the upside. […]

By Phil Franz-Warkentin

Fund traders still bearish on canola

Jun. 5, 2020 at 5:34 pm CDT

MarketsFarm — The managed money net short position in canola grew to nearly 50,000 contracts in the latest 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 48,777 contracts (3,932 long/52,709 short), […]

By Phil Franz-Warkentin

With beer taps off, malt barley demand down

Jun. 2, 2020 at 4:22 pm CDT

MarketsFarm — Declining beer consumption due to the COVID-19 pandemic will also lead to reduced demand for the malt barley to brew it — but acreage to the crop is unlikely to see much adjustment on the Prairies. “I don’t think there’s any question — without sporting events, and festivals, […]

By Phil Franz-Warkentin

Fund traders add to short positions in canola, corn

Jun. 1, 2020 at 3:36 am CDT

MarketsFarm — Fund traders added to net short positions in canola and corn while reducing their net long in soybeans, according to the latest 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 […]

By Phil Franz-Warkentin

Feed weekly outlook: Cheaper corn to temper rising barley bids

May. 28, 2020 at 1:03 pm CDT

MarketsFarm — Rising feed barley prices in Western Canada may be nearing their upper limit, as end users look to add more cheaper corn to their rations. “The higher that barley and wheat get, the more attractive corn gets,” said Mike Fleischhauer of Eagle Commodities in Lethbridge. “If barley and […]

By Phil Franz-Warkentin