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Manitoba Crop Report

In the weekly crop report, Manitoba Agriculture says strong winds have delayed herbicide application on all crops.
 
Scattered thunderstorms brought significant amounts of rain over the weekend to parts of the eastern, central, and Interlake regions. Some areas also received hail.
 
Southwest and northwest regions and the northern Interlake continue to be dry, and could use rain.
 
Reseeding has largely wrapped up. Unseeded acres may be put into greenfeed production in anticipation of reduced hay and alfalfa yields since crop insurance deadlines have now passed.
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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.