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Manitoba Crop Report

Crops are generally in average to good condition, according to the latest Manitoba Agriculture crop report.
 
The exception however, is in low-lying areas that have been subjected to frequent rainfall over the past three weeks.
 
Winter cereals are reaching the soft dough stage, and turning colour with harvest expected to start in about two weeks.
 
The report indicates corn and sunflowers are growing well with heat and moisture, tassling and flowering are beginning.
 
Canola and peas are suffering in places from excess moisture, but doing well in others. Cereals are rated as mostly good to excellent.
 
Meantime, grasshoppers have become a concern in cereal and soybean fields.
 
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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.