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Crop Report

Manitoba Agriculture says total seeding progress is sitting at about 65 per cent complete compared to the three-year average of 81 per cent.
 
Cereal and canola crops seeded last week are emerging quickly, however, many farmers are unable to seed corner-to-corner, as frequent wet spots are preventing machinery access. Delays and stuck equipment are common.
 
Farmers are dealing with excess moisture in many regions, while some producers benefited from last week’s rain.
 
Large amounts of rainfall in some areas left pooled water in field drains and low spots.
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.