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Manitoba Crop Report

Manitoba Agriculture says harvest has started in fall rye in most areas, with some winter wheat and pea fields combined in the Interlake region.
 
The province says many areas would benefit from a gentle rain to help with grain formation in corn, sunflowers, and soybeans.
 
Grasshoppers are a concern in all areas.
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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.