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Over 300 hail damage claims expected from last week’s severe storm near Ituna

Hail storm activity in Saskatchewan for the first half of September is described as moderate with minor to heavy crop damage.
 
The president of the Canadian Crop Hail Association, Rick Omelchenko, says there were over 530 prairie hail claims in the first two weeks of this month, with about two-thirds from Saskatchewan.
 
He says the biggest storm in this province centred on Ituna, northeast of Regina, last Wednesday.
 
Omelchenko says the storm also affected the communities of Lipton, Leross, Yorkton, Kamsack and Pelly.
 
Omelchenko says marble size hail caused total loss in some fields, particularly around Ituna, 135 kilometers northeast of Regina.
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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.