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Manitoba Crop Report

In this week's crop report, Manitoba Agriculture says saturated soils and waterlogged fields are common in the southwest region from Brandon northward.
 
Fusarium risk maps indicate extreme risk for FHB development in cereals across much of the province.
 
Hay and forage yields have been below normal to date, while rains are expected to improve hay and pasture regrowth for a second cut in most of the province.
 
Widespread spraying for grasshoppers is ongoing. Armyworms are noted in fall rye, spring cereals, and perennial rye grass. Insecticide applications are ongoing.
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U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.