Articles by Phil Franz-warkentin | Manitoba Co-operator

Prairie cash wheat: Rising loonie cuts into bids

MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to

Crops, Markets

Funds reduce net short position in canola

By GFM Network News, Phil Franz-warkentin March 27, 2020

MarketsFarm — Fund traders were covering short positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 48,614 contracts (886 long/49,500 short), a decrease of about

Crops, Markets

Feed weekly outlook: Spring rally unlikely

By GFM Network News, Phil Franz-warkentin March 26, 2020

MarketsFarm — Feed grain bids in Western Canada have held relatively steady over the past month despite large moves in many outside markets. However, a number of factors may weigh on values heading into the spring. Feed barley is trading in the $4-$4.95 per bushel area in Alberta, according to Prairie Ag Hotwire data. Prices

Crops, Markets

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

By GFM Network News, Phil Franz-warkentin March 26, 2020

MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a

Crops, Markets

Pulse weekly outlook: Lack of willing sellers underpins prices

By GFM Network News, Phil Franz-warkentin March 24, 2020

MarketsFarm — Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of

Cereals, Crops, Markets

Solid demand, logistics underpin durum bids

By GFM Network News, Phil Franz-warkentin March 23, 2020

MarketsFarm — Durum bids in Western Canada have found some support from solid demand and logistical issues elsewhere in the world. Anecdotal reports of pasta hoarding, due to COVID-19 coronavirus concerns, were also somewhat supportive. Cash durum bids in Saskatchewan are currently in the $7.50-$8 per bushel range, according to Prairie Ag Hotwire data. That

Crops, Markets

Fund traders cover canola shorts, liquidate corn longs

By GFM Network News, Phil Franz-warkentin March 22, 2020

MarketsFarm — Fund traders were covering short positions in canola and liquidating longs in corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 58,455 contracts (2,163 long/60,618

Crops, Markets

ICE weekly outlook: More virus volatility expected in canola

By GFM Network News, Phil Franz-warkentin March 18, 2020

MarketsFarm — A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE Futures canola market. However, volatility and uncertainty are expected to remain the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of

Crops, Markets

Feed weekly outlook: Seasonal restrictions underpin grains

Coronavirus fallout being watched

By GFM Network News, Phil Franz-warkentin March 14, 2020

MarketsFarm — Seasonal weight restrictions and spring road bans are providing some underlying support for feed grain bids in Western Canada, with the COVID-19 coronavirus outbreak also being followed closely. “Winter weights are coming off, which is restricting the areas (feedlots) can pull from,” said Allen Pirness, of MarketPlace Commodities in Lethbridge, adding “there’s a

Crops, Markets, Pulses

Pulse weekly outlook: Bids underpin Manitoba edible bean area

Province's soybean acres expected to fall

By GFM Network News, Phil Franz-warkentin March 11, 2020

MarketsFarm — Solid prices should keep Manitoba farmers growing edible beans in 2020, although soybean area will likely drop, according to a provincial specialist. Disappointing harvest weather in 2019 hurt yields and cut into harvested area for edible beans in both Manitoba and across the border in the United States. As a result, prices heading

Pandemic planning leads to staff cuts at Agropur

U.S. firm buys remaining stake in DOT Technology

Feed weekly outlook: Barley, wheat remain firm

GFM Network News

Pandemic planning leads to staff cuts at Agropur

U.S. firm buys remaining stake in DOT Technology

Feed weekly outlook: Barley, wheat remain firm

Author Archives Phil Franz-warkentin

Prairie cash wheat: Rising loonie cuts into bids

Funds reduce net short position in canola

Feed weekly outlook: Spring rally unlikely

CBOT weekly outlook: Wheat futures underpinned for now

Pulse weekly outlook: Lack of willing sellers underpins prices

Solid demand, logistics underpin durum bids

Fund traders cover canola shorts, liquidate corn longs

ICE weekly outlook: More virus volatility expected in canola

Feed weekly outlook: Seasonal restrictions underpin grains

Pulse weekly outlook: Bids underpin Manitoba edible bean area

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