Insights and Stories of Phil Franz-Warkentin

Prairie cash wheat: Bids fall with U.S. futures

Jan. 31, 2020 at 9:19 pm CST

MarketsFarm — Hard red spring wheat bids in Western Canada moved lower during the week ended Thursday, as a sell-off in U.S. futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed […]

CBOT weekly outlook: Soybeans oversold

Jan. 29, 2020 at 5:13 pm CST

By Phil Franz-Warkentin

Virus concerns add more uncertainty to cattle market

Jan. 27, 2020 at 6:18 pm CST

By Phil Franz-Warkentin

Large funds back on short side in soybeans

Jan. 24, 2020 at 9:28 pm CST

By Phil Franz-Warkentin

AAFC forecasts more wheat, less canola seeded in spring

Jan. 24, 2020 at 1:41 am CST

By Phil Franz-Warkentin

Feed weekly outlook: Temperatures rise, Prairie bids cool down

Jan. 24, 2020 at 1:18 am CST

MarketsFarm — Feed grain bids in southern Alberta are cooling down as temperatures warm up after a bitter cold spell earlier in the month. After dealing with temperatures in the -20 C to -34 C range over much of the week ended Jan. 17, conditions in the key Lethbridge feeding […]

By Phil Franz-Warkentin

Pulse weekly outlook: Uncertainty pervades markets

Jan. 22, 2020 at 7:10 pm CST

MarketsFarm — The price spread between green and yellow peas continues to widen in Western Canada, but whether or not that trend will continue remains to be seen. Numerous outside factors lend a general air of uncertainty to the pulse market, according to a pulse trader. Green peas typically trade […]

By Phil Franz-Warkentin

Tighter supplies, solid demand underpin durum bids

Jan. 20, 2020 at 4:32 pm CST

MarketsFarm — Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen, manager of Canadian operations for Swiss-based GAP S.A. Grains […]

By Phil Franz-Warkentin

CGC revises domestic canola usage downward

Jan. 17, 2020 at 5:54 pm CST

MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended […]

By Phil Franz-Warkentin

Funds shift to long side in soybeans, covering canola shorts

Jan. 17, 2020 at 4:53 pm CST

MarketsFarm — Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position […]

By Phil Franz-Warkentin