Insights and Stories of Phil Franz-Warkentin

Chickpea market steady, waits for next wave of demand

Feb. 19, 2020 at 7:41 pm CST

MarketsFarm — Demand for chickpeas often comes in waves, with the market currently in a lull waiting for the next swell. The last demand cycle came in early January, and the market has lacked “any kind of enthusiasm” over the past month, according to Colin Young of Midwest Grain at […]

Pulse weekly outlook: Green pea bids back off highs

Feb. 18, 2020 at 3:31 pm CST

By Phil Franz-Warkentin

Average Prairie heat, more rain in summer forecast

Feb. 16, 2020 at 12:39 am CST

By Phil Franz-Warkentin

Canola supplies in commercial pipeline hit fresh high

Feb. 14, 2020 at 5:27 pm CST

By Phil Franz-Warkentin

Oat area poised to rise

Feb. 12, 2020 at 9:21 pm CST

By Phil Franz-Warkentin

CBOT weekly outlook: Soy, corn wait for next big thing

Feb. 12, 2020 at 6:53 pm CST

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have recovered off of nearby lows, but remain rangebound overall waiting for fresh news to push values one way or the other. The U.S. Department of Agriculture holds its Agriculture Outlook Forum on Feb. 20-21. USDA’s first acreage […]

By Phil Franz-Warkentin

Fund traders add to bearish bets in canola

Feb. 9, 2020 at 9:57 am CST

MarketsFarm — Large fund traders were busy adding to short positions in canola, soybeans and corn during the first few trading days of February, 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 […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola correcting off lows

Feb. 5, 2020 at 4:29 pm CST

MarketsFarm — The ICE Futures canola market fell sharply over the last half of January but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” MarketsFarm Pro analyst Mike Jubinville said of the recovery in canola. The March […]

By Phil Franz-Warkentin

Unharvested crops skew StatsCan stocks data

Feb. 5, 2020 at 2:39 pm CST

MarketsFarm — Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because […]

By Phil Franz-Warkentin

Fund short position grows in canola

Feb. 3, 2020 at 10:52 am CST

MarketsFarm — Large fund traders were betting that canola and soybean futures would move lower in late January, with the net managed money short position in both oilseeds rising in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short […]

By Phil Franz-Warkentin