Phil Franz-Warkentin - MarketsFarm Archives

Canadian canola exports a million tonnes off year-ago pace

By Phil Franz-Warkentin - MarketsFarm July 26, 2019

MarketsFarm – Canadian canola exports are running roughly a million tonnes behind the year-ago pace with only one week to go in the 2018/19 (July/August) marketing year, according to the latest Canadian Grain Commission data. However, solid wheat and barley exports mean that total grain and oilseed exports are up on the year. Canada has […] Read more

Barley, Markets

Feed weekly outlook: Feed grain bids fall with rain

By Phil Franz-Warkentin - MarketsFarm July 26, 2019

MarketsFarm – Improving crop conditions have weighed on Western Canadian feed barley prices over the past month as attention turns from the tight old crop supply situation to the upcoming harvest. “Prices are dropping every day it rains,” said Mike Fleischhauer of Eagle Commodities in Lethbridge, Alta. He said barley prices have come off by […] Read more

Corn, Crops, Soybeans

CBOT weekly outlook: Soybeans and corn watching weather, waiting on acreage numbers

By Phil Franz-Warkentin - MarketsFarm July 24, 2019

MarketsFarm – Shifting weather forecasts and trade talk rumours should keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few weeks, as participants wait on updated acreage numbers from the United States Department of Agriculture. The USDA’s August 12 report will include results of an acreage resurvey […] Read more

Canola, Cereals, Crops

Less canola, more wheat expected from Statistics Canada

By Phil Franz-Warkentin - MarketsFarm April 22, 2019

Winnipeg | MarketsFarm – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24. Canola prices in Western Canada have dropped over the past few […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: Fewer U.S. acres likely due to surplus

By Phil Franz-Warkentin - MarketsFarm January 15, 2019

CNS Canada — Large crops followed by poor export demand have led to burdensome supplies and cut into pulse prices in the U.S., which should cut into acreage ideas for peas, lentils and chickpeas in 2019, an industry official says. “With the trade issues we’re facing right now, we have quite a surplus,” said Shannon […] Read more

Canola, Crops, Markets

Canadian canola demand off year-ago pace

By Phil Franz-Warkentin - MarketsFarm January 11, 2019

CNS Canada — Canadian canola exports and domestic usage are both falling behind the year-ago pace, according to the latest Canadian Grain Commission data. Canada exported only 63,700 tonnes of canola during the week ended Jan. 6, according to the report. That compares with the average weekly movement during the crop-year-to-date of about 200,000 tonnes. […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans wait on China news

By Phil Franz-Warkentin - MarketsFarm January 2, 2019

CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more

Crops, Markets, Spring Wheat

Falling U.S. futures weigh on Prairie wheat bids

By Phil Franz-Warkentin - MarketsFarm December 24, 2018

CNS Canada — Hard red spring wheat bids in Western Canada lost ground during the week ended Friday, as losses in U.S. futures more than offset the supportive influence of the declining Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3-$11 per tonne over the course […] Read more

Canola, Crops, Markets

Canola fund short position holds steady

By Phil Franz-Warkentin - MarketsFarm December 21, 2018

CNS Canada — Fund traders maintained their net short position in ICE Futures canola contracts, according to the latest commitment of traders (CoT) report by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net short position in canola by only 500 contracts, to […] Read more

Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Alberta feed grains firm

By Phil Franz-Warkentin - MarketsFarm December 21, 2018

CNS Canada — The seasonality of the feed grain sector is contributing to a firmer tone in Alberta barley and feed wheat bids heading into the New Year. “We’ve seen bids in our office on feed barley jump up a decent amount,” said Nelson Neumann, a trader with Edmonton-area grain brokerage Agfinity. He linked the […] Read more

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