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Saskatchewan Crops Need Rain Badly, Confirms Provincial Crop Report

Saskatchewan crops continued to progress this week. Canola is beginning to pod and wheat is beginning to flower in many areas. Dry conditions are impacting parts of the province and many producers are hoping for rain immediately, according to the provincial crop report released Thursday.

Across the province, 31% of fall cereals were estimated to be ahead of normal development in the week ended July 10, with 66% developing normally. Spring cereals and oilseed were rated 33% ahead of normal development, with 28% of pulses rated in the same category.

Very little rain was received this week. The most rain was in the Dinsmore area, with 14 mm. A large decrease in soil moisture accompanied the warm weather this past week. Cropland topsoil moisture is currently 21% adequate, 55% short and 24% very short.

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???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.