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Manitoba Crop Report

Manitoba Agriculture says overall harvest progress is sitting at about 26 per cent complete.
 
The weekly crop report states that harvesting tough cereal grains is becoming more common. Aeration bins are being used in combination with grain drying in some areas.
 
Spring wheat yields are generally below average; grain is generally reaching the top two grades. Oat and barley yields are better, and quality is good.
 
Dry bean and canola desiccation or swathing is occurring.
 
Grasshoppers are noted in many crops, while flea beetles are present in large numbers in the Portage la Prairie and south Interlake areas. Insecticide spraying has been very limited on late insects.
 
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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.