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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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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.