Articles Written by Phil Franz-Warkentin - MarketsFarm

Canola export forecast raised for 2019-20

By Phil Franz-Warkentin - MarketsFarm 2 days ago

MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres […] Read more

Barley, Canola, Crops, Spring Wheat

Visible Canadian canola stocks back above one million tonnes

By Phil Franz-Warkentin - MarketsFarm 4 days ago

MarketsFarm — Solid deliveries into the commercial pipeline and lacklustre export movement saw visible Canadian canola supplies climb back above one million tonnes during the week ended June 9, according to the latest grain handling report from the Canadian Grain Commission. Farmers delivered 422,500 tonnes of canola during week 45 of the 2018-19 crop year […] Read more

Crops, Markets, Oats, Weather

Oats market solid, watching weather

By Phil Franz-Warkentin - MarketsFarm 6 days ago

MarketsFarm — Tight old-crop supplies are keeping oats prices well supported in Western Canada, although buyers are covered for the time being and waiting for a clearer picture on new-crop production. “It’s tough to find old-crop demand currently, as many larger-scale end-users are covered,” said Ryan McKnight of Linear Grain at Carman, Man. Most buyers […] Read more

Barley, Crops, Markets, Weather

Feed weekly outlook: Barley bids rise on weather woes, tight old-crop supplies

By Phil Franz-Warkentin - MarketsFarm June 6, 2019

MarketsFarm — Tight old-crop supplies and mounting weather concerns over new-crop production are keeping feed grain prices well supported in Western Canada as end-users work to ration supplies. “We’ve seen a very real weather market emerge in the last few weeks,” said Brandon Motz of CorNine Commodities at Lacombe, Alta., pointing to wet conditions hampering […] Read more

Cereals, Crops, Markets

Durum market holds steady despite spring wheat swings

By Phil Franz-Warkentin - MarketsFarm June 4, 2019

MarketsFarm — Durum bids in Western Canada are holding relatively steady, with prices only seeing small moves over the past month despite larger swings in spring wheat. Durum prices in southern Saskatchewan have traded in the $235-$243 per tonne area over the past month, a relatively narrow $8 trading range compared to Canada Western Red […] Read more

Canola, Crops, Markets

Canola funds still short, despite active U.S. covering

By Phil Franz-Warkentin - MarketsFarm June 3, 2019

MarketsFarm — Speculators continue to sit on a large net short position in ICE canola futures, only reducing their holdings slightly in late May, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 71,065 contracts […] Read more

Canola, Crops, Markets

ICE weekly outlook: Uncertain U.S. soy prospects boost canola

By Phil Franz-Warkentin - MarketsFarm May 29, 2019

MarketsFarm — ICE Futures canola contracts climbed sharply higher during the week ended Wednesday, hitting their best levels in more than a month as strength in the Chicago Board of Trade soy complex provided spillover support. “We have a bit of a short-covering rally going on in canola,” said Jerry Klassen, manager of Canadian operations […] Read more

Crops, Pasture, Weather

Prairie dryness concerns to persist

By Phil Franz-Warkentin - MarketsFarm May 24, 2019

MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more

Canola, Crops, Markets

Fund traders still sitting on large canola short position

By Phil Franz-Warkentin - MarketsFarm May 24, 2019

MarketsFarm — Speculators continue to sit on a large net short position in ICE canola futures, only reducing their holdings slightly over the past week, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 72,844 […] Read more

Canola, Crops, Markets

Huge increase predicted in canola ending stocks

By Phil Franz-Warkentin - MarketsFarm May 21, 2019

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

Commodities firm INTL FCStone enters Canadian market

U.S. livestock: CME live cattle closed mixed

U.S. grains: Corn down on profit-taking as planting ‘virtually done’

GFM Network News

Commodities firm INTL FCStone enters Canadian market

U.S. livestock: CME live cattle closed mixed

U.S. grains: Corn down on profit-taking as planting ‘virtually done’

Author Archives Phil Franz-Warkentin - MarketsFarm

Canola export forecast raised for 2019-20

Visible Canadian canola stocks back above one million tonnes

Oats market solid, watching weather

Feed weekly outlook: Barley bids rise on weather woes, tight old-crop supplies

Durum market holds steady despite spring wheat swings

Canola funds still short, despite active U.S. covering

ICE weekly outlook: Uncertain U.S. soy prospects boost canola

Prairie dryness concerns to persist

Fund traders still sitting on large canola short position

Huge increase predicted in canola ending stocks

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