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Manitoba Crop Report

Manitoba Agriculture and Resource Development says total seeding progress is sitting at about 42 per cent complete, compared to the three-year average of 55 per cent.
 
Seed germination and emergence has been slow, though expected to improve rapidly with warmer conditions.
 
Many farmers are unable to seed corner-corner, as frequent wet spots prevent machinery access. Delays and stuck equipment are common.
 
Producers are considering switching out of longer-season corn crops in favour of shorter season cereals if corn is not planted by the end of this week.
 
Farmers are managing soil surface moisture with vertical tillage, multi-pass harrowing, or residue burning.
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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.