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Stats Can Releases Latest Model-Based Principal Field Crop Estimates

Statistics Canada released its model-based principal field crop estimates on Tuesday.

Overall, the report shows Canadian farm operators are projected to produce more corn for grain in 2021, but less wheat, canola, barley, soybeans and oats than in 2020, according to recent yield models using satellite imagery. Lower production has largely been driven by ongoing drought conditions in Western Canada, which are expected to lead to a decrease in yields.

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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.