Phil Franz-warkentin Archives | Alberta Farmer Express

ICE weekly outlook: Choppy canola trade likely

MarketsFarm — The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks good across much of Alberta […] Read more

Crops, Markets

Ocean freight index hits five-and-a-half year highs

By Phil Franz-warkentin 2 days ago

MarketsFarm — The Baltic Dry Index (BDI) has steadily increased over the past few months, hitting its highest levels in five-and-a-half years. The BDI settled Tuesday at 2,011 points, the highest level for the ocean freight rate indicator since January 2014. The BDI has been on a steady uptrend since hitting a two-and-a-half year low […] Read more

Canola, Crops, Markets

Funds remain short canola and soybeans

By Phil Franz-warkentin 3 days ago

MarketsFarm — Fund traders continue to hold onto a large net short position in the canola market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in Tuesday at 57,512,an increase of roughly 5,000 contracts from the previous week. Open […] Read more

Crops, Machinery & Shop

Churchill shipping resumes but grain still on back burner

By Phil Franz-warkentin July 11, 2019

MarketsFarm — The first cargo ship in two years left the northern Manitoba port of Churchill on Wednesday, moving supplies to communities in Nunavut. Rehabilitation efforts at North America’s only deep-water Arctic port are still underway, but there are expectations business through the facility will eventually include grain as well. OmniTrax, the previous owner of […] Read more

Crops, Pulses, Weather

Large Manitoba edible bean crop likely, weather willing

By Phil Franz-warkentin July 10, 2019

MarketsFarm — Manitoba could be looking at its largest edible bean crop in over a decade, as acres were up and early development generally looks good. Manitoba farmers seeded an estimated 163,700 acres of edible beans in 2019, according to Statistics Canada data. That would be up 20 per cent on the year and marks […] Read more

Canola, Crops, Markets

Fund short position grows in canola

By Phil Franz-warkentin July 9, 2019

MarketsFarm — Speculators were actively adding to their short positions in the ICE Futures canola market during the holiday week ended July 2, according to Monday’s commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in July 2 at 65,022, an increase of nearly […] Read more

Canola, Crops, Markets

ICE weekly outlook: All eyes on King Corn

By Phil Franz-warkentin July 3, 2019

MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more

Canola, Crops, Markets

ICE weekly outlook: Weather, politics in focus for canola trade

By Phil Franz-warkentin June 26, 2019

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in a month during the week ended Wednesday as much-needed moisture also fell across much of Western Canada. While there are still plenty of areas of concern, the rain has taken some of the weather premium out of the market, said Jonathon Driedger of […] Read more

Crops, Markets, Weather

StatsCan: Less canola and durum, more barley and oats

By Phil Franz-warkentin June 26, 2019

MarketsFarm — Canadian farmers seeded fewer canola and durum acres than they originally intended, but more barley and oats, according to updated acreage estimates from Statistics Canada that largely came within expectations. StatsCan pegged planted Canadian canola area for 2019-20 (August to July) at 20.952 million acres, down by about 300,000 from the March survey […] Read more

Corn, Crops, Markets, Soybeans, Spring Wheat

CBOT weekly outlook: Bullish U.S. Midwest weather story not over

By Phil Franz-warkentin June 19, 2019

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more

CBOT weekly outlook: Market stuck in range until acreage report

ICE weekly outlook: Choppy canola trade likely

U.S. grains: Wheat, soybeans slightly lower after midday rise

GFM Network News

CBOT weekly outlook: Market stuck in range until acreage report

ICE weekly outlook: Choppy canola trade likely

U.S. grains: Wheat, soybeans slightly lower after midday rise

Author Archives Phil Franz-warkentin

ICE weekly outlook: Choppy canola trade likely

Ocean freight index hits five-and-a-half year highs

Funds remain short canola and soybeans

Churchill shipping resumes but grain still on back burner

Large Manitoba edible bean crop likely, weather willing

Fund short position grows in canola

ICE weekly outlook: All eyes on King Corn

ICE weekly outlook: Weather, politics in focus for canola trade

StatsCan: Less canola and durum, more barley and oats

CBOT weekly outlook: Bullish U.S. Midwest weather story not over

Podcasts

Organics grow on the Prairies, is Canada’s national food policy on target?, USDA corn projections erroneous

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending July 12, 2019

GFM Network News

Podcasts

AgCanadaTV

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