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Crop Report

Total seeding progress in Manitoba is sitting at about 88 per cent complete, compared to the three-year average of 94 per cent for this time of year.
 
High wind speeds over the last week, coupled with frost on May 30th hurt or delayed crops in many areas.
 
Dry surface soils together with wet or saturated subsurface soils have combined for difficult emergence in some crops.
 
Flea beetle spraying is ongoing.
 
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2026 USDA Acreage Fireworks Next Week? + RVO’s Old new

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Next week’s USDA reports (acreage/stocks) could be a surprise/market moving. RVO’s (new blending biofuel requirements) were as expected with no big surprises and already baked into futures. E15 summer waiver just simply good optics. Markets are skeptical that the war in Iran ends soon with no diplomatic off ramp. The Trump/Xi meeting in China now May 14 – 15. March 1 USDA hogs and Pigs report was friendly/bullish + CFTC and more.