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Early Summer Storms Produce Hail Across Prairies

Early summer storms across the Prairies produced hail that resulted in heavy damage in some areas, according to the Canadian Crop Hail Association (CCHA).
 
The storms occurred May 26, June 4, June 9, June 13-17.
 
CCHA member companies are investigating about 200 claims of crop damage during that period.
 
Manitoba Agricultural Services Corporation (MASC) reported damage to fall rye, wheat, canola, soybeans, sunflowers in the communities of Altona, Elkhorn and Miniota. Fall rye in Altona had some severe damage while other crops had minor damage.
 
Cooperative Hail Insurance Company reported light to medium damage to beans, wheat and canola across Manitoba.
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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.