Manitoba Crop Report

May 20, 2020

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.

Click here to see more...

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.