Insights and Stories of Phil Franz-Warkentin

Oct. 7, 2019 at 4:33 pm CDT

MarketsFarm — ICE Futures canola broke out of a long standing sideways trading range during the first week of October, but could be running out of steam to the upside from a technical standpoint. The nearby November contract had held within a $15 range between $440 and $455 per tonne […]

By Phil Franz-Warkentin

Oct. 7, 2019 at 3:30 pm CDT

MarketsFarm — Fund traders in the U.S. were busy covering short positions and putting on fresh longs in the soybean and corn markets during the week ended Oct. 1. Meanwhile, the net fund short position in canola held relatively steady, according to the latest commitment of traders (CoT) report from […]

By Phil Franz-Warkentin

Oct. 2, 2019 at 6:11 pm CDT

MarketsFarm — An unwelcomed early winter storm sent ICE Futures canola contracts higher during the week ended Wednesday, but it will take outside support to sustain a rally, according to industry participants. Snow in Alberta and Saskatchewan and cool and wet conditions in Manitoba slowed harvest operations during the week, […]

By Phil Franz-Warkentin

Oct. 1, 2019 at 7:08 pm CDT

MarketsFarm — An early blast of snow and cold across the Prairies has delayed harvest operations for a mustard crop already running behind normal, with quality downgrades expected for any mustard still in the field. “It has to be absolutely flattened,” said mustard buyer Walter Dyck of Olds Products at […]

By Phil Franz-Warkentin

Sep. 30, 2019 at 2:59 pm CDT

MarketsFarm — The net fund short position in canola was reduced slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Speculators also bought back some of their bearish bets in soybeans and corn, the CoT report […]

By Phil Franz-Warkentin