Phil Franz-warkentin Archives | Alberta Farmer Express

Huge increase predicted in canola ending stocks

By Phil Franz-warkentin, GFM Network News 2 days ago

MarketsFarm — Canadian canola carryout stocks are forecast to rise to a record 5.3 million tonnes by the end of the 2019-20 marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the department, in its estimates, expects total canola production to decline […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola looking for more support

By Phil Franz-warkentin, GFM Network News May 15, 2019

MarketsFarm — ICE canola futures moved higher during the week ended Wednesday as a rally in the Chicago Board of Trade soy complex provided support. Whether there’s more room to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior market analyst with Exceed Grain in Winnipeg. […] Read more

Crops, Markets

USDA sees smaller soy crop in 2019, more corn

By Phil Franz-warkentin, GFM Network News May 10, 2019

MarketsFarm — U.S. farmers will grow more corn and fewer soybeans in 2019, according to the first production estimates of the year from the U.S. Department of Agriculture. Ending stocks of both crops are expected to remain large. U.S. soybean production for 2019-20 was forecast at 4.15 billion bushels by the government agency, which would […] Read more

Canola, Crops, Markets

Net short position keeps growing in canola

By Phil Franz-warkentin, GFM Network News May 10, 2019

MarketsFarm — The large speculative short position in ICE Futures canola contracts continued to grow during the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had […] Read more

Barley, Crops, Markets

Feed weekly outlook: A tale of two Prairie grain markets

By Phil Franz-warkentin, GFM Network News May 9, 2019

MarketsFarm — Tight old-crop supplies may be keeping nearby barley bids underpinned on the Prairies — but expectations for increased acres in 2019 mean new-crop bids are at a considerable discount. “It’s a tale of two markets right now,” said Glen Loyns, general manager of JGL Commodities at Moose Jaw, pointing to the large spread […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: Pulses steady in sea of uncertainty

By Phil Franz-warkentin, GFM Network News May 8, 2019

MarketsFarm — Every spring offers its own mystery of what the growing season will bring, and this year is no different for western Canadian pulse markets. However, while the unknowns are usually linked to the weather or acreage ideas, this year also presents extra challenges for the pulse sector. India remains a major wildcard in […] Read more

Crops, Markets

Report shows record-large canola stocks at end of March

By Phil Franz-warkentin, GFM Network News May 7, 2019

MarketsFarm — Canada’s canola supplies of just over 10 million tonnes as of March 31 marked a new record for the date, according to Tuesday’s stocks of principal field crops report from Statistics Canada. The government agency pegged canola supplies in the country at the end of March at 10.019 million tonnes, up by 10.5 […] Read more

Canola, Crops, Markets

Net short position climbs in canola

By Phil Franz-warkentin, GFM Network News May 6, 2019

MarketsFarm — The large speculative short position in ICE Futures canola contracts widened the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators on Tuesday had a net […] Read more

Canola, Crops

Canada ‘playing chess’ on canola file

By Phil Franz-warkentin, GFM Network News May 3, 2019

MarketsFarm — Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with federal International Trade Diversification Minister Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more

Canola, Crops, Markets

ICE weekly outlook: Bearish funds keep canola pointed lower

By Phil Franz-warkentin, GFM Network News May 1, 2019

MarketsFarm — ICE Futures canola prices fell to their lowest levels since 2014 during the week ended Wednesday, as bearish technical signals and a lack of progress on trade relations with China weighed on values. While a short-covering correction is possible, the underlying fundamentals also remain bearish. Speculators adding to their large net short positions […] Read more

USDA announces more farm aid to offset trade war losses

U.S. grains: Corn sinks as trade aid seen encouraging planting

U.S. livestock: Hogs mixed as trade war anxiety overshadows export data

GFM Network News

USDA announces more farm aid to offset trade war losses

U.S. grains: Corn sinks as trade aid seen encouraging planting

U.S. livestock: Hogs mixed as trade war anxiety overshadows export data

Author Archives Phil Franz-warkentin

Huge increase predicted in canola ending stocks

ICE weekly outlook: Canola looking for more support

USDA sees smaller soy crop in 2019, more corn

Net short position keeps growing in canola

Feed weekly outlook: A tale of two Prairie grain markets

Pulse weekly outlook: Pulses steady in sea of uncertainty

Report shows record-large canola stocks at end of March

Net short position climbs in canola

Canada ‘playing chess’ on canola file

ICE weekly outlook: Bearish funds keep canola pointed lower

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