Insights and Stories of Phil Franz-Warkentin

May. 12, 2020 at 3:23 pm CDT

MarketsFarm — Lentil bids in Western Canada may have come off their recent highs, but prices are still solid and should encourage more seeded area this spring. Increased demand tied to the COVID-19 pandemic gave lentil prices a boost in March, with the largest gains in red lentils which hit […]

By Phil Franz-Warkentin

May. 8, 2020 at 7:07 pm CDT

MarketsFarm — Speculators reduced their net short position in canola during the first week of May and added to their net long position in soybeans, while placing fresh bearish bets on corn, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The […]

By Phil Franz-Warkentin

May. 7, 2020 at 4:42 pm CDT

MarketsFarm — The results of the first acreage estimates for 2020 from Statistics Canada come with an asterisk, as the COVID-19 pandemic halted data collection early. Canada’s actual seeded area is expected to see some shifts from the projections released Thursday. “As a result of the timing of the COVID-19 […]

By Phil Franz-Warkentin

May. 6, 2020 at 5:17 pm CDT

MarketsFarm — Corn futures at the Chicago Board of Trade have lost considerable ground over the past few months, but could move lower still if a weather premium fails to develop over the summer, according to an analyst. The most active July corn contract has lost 20 per cent of […]

By Phil Franz-Warkentin

May. 5, 2020 at 7:25 pm CDT

MarketsFarm — Canadian lentil exports are running well ahead of the year-ago level, according to the latest numbers. Canada exported 267,462 tonnes of lentils in March, the second-highest monthly total of the crop year to date and well above the 130,980 tonnes exported during the same month the previous year. […]

By Phil Franz-Warkentin