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Hail Adjusters See A Busy Start To The Season

Early season storm activity has made it a busy start to hail season for adjusters.
 
This week’s report from the Canadian Crop Hail Association says storms occurred May 26, June 4, June 9, June 13-17.
 
According to the data about 200 hail claims have been reported across the Prairies over the last month.
 
President Rick Omelchenko says the majority of the claims are in Alberta with about 120 claims coming in from the Taber, Coaldale and Vauxhall areas and another 40 to 50 claims from Saskatchewan mainly around Cadillac and Albertville.
 
“Overall, Damage seems to be light to medium but causing more damage on our lentils and peas, beans and canola than our cereals. The cereals really didn't get affected too much because of the stage of growth, it was early enough that it's not really hurting them. But on the other plants there is some damage but it's not too severe at this time because of the crop being at its earliest stages.”
 
He notes e notHhManitoba Agricultural Services Corporation is reporting damage to fall rye, wheat, canola, soybeans and sunflowers in the Altona, Elkhorn and Miniota areas.
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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.