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Crop Report - May 13

Manitoba Agriculture and Resource Development says total seeding progress is sitting at about 9 per cent complete, compared to the three-year average of 25 per cent.
 
Seeding has started for field peas, spring wheat, barley, faba beans and grain corn in all regions. Canola and sunflower planting has begun in the northwest and eastern regions.
 
Farmers are managing soil surface moisture with vertical tillage, multi-pass harrowing, or residue burning.
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U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.