EPISODE · Apr 15, 2026 · 20 MIN
Grain Markets Live: Canola, Wheat Weather Rally, Barley Bids Shift + War Premium & Input Costs
from What the Futures! · host Ryan Denis
The host delivers a live grain and energy market update, noting canola slightly higher near 719 on July/November, soybeans up, bean oil lower, KC wheat up about 11 cents on poor hard red winter wheat ratings (around 18% good-to-excellent), and WTI crude down sharply near $95 with the Canadian dollar around 72.97. Prairie cash highlights include a notable shift in Alberta feed barley bids becoming competitive again in the Edmonton region, Lethbridge fall feed barley around 6.30–6.40/bu, malt and feed barley offers in Saskatchewan, old-crop yellow peas at 8.50–9.00/bu, new-crop flax near 16.50, and new-crop green peas around 9.50–10.00. Input prices discussed include NH3 near $1,600/ton in Alberta, urea near $1,300/ton, and diesel about $1.42–$1.44/L plus GST. Headlines include a U.S. naval blockade impacting Iranian imports, improving early Russian winter crop conditions, minor U.S. Corn Belt planting delays, and Brazil’s soybean harvest nearing completion. In discussion with Quintin, they cover chart concerns, managed-money positioning as an alarm bell in veg oils, limited war premium beyond canola, re-owning pre-sold canola on pullbacks, crude oil call-spread hedges, and frustrations in oats where futures gains have not translated to cash prices. 00:00 Live Market Snapshot 00:55 Prairie Grain Highlights 03:13 Input Costs Update 04:00 Geopolitics And Wheat News 05:52 Wheat Market Outlook 07:45 War Premium And Canola 11:26 Re Owning Sold Canola 13:11 Hedging With Crude Options 14:35 Positioning Alarm Bells 19:58 Wrap Up And Next Shows
What this episode covers
The host delivers a live grain and energy market update, noting canola slightly higher near 719 on July/November, soybeans up, bean oil lower, KC wheat up about 11 cents on poor hard red winter wheat ratings (around 18% good-to-excellent), and WTI crude down sharply near $95 with the Canadian dollar around 72.97. Prairie cash highlights include a notable shift in Alberta feed barley bids becoming competitive again in the Edmonton region, Lethbridge fall feed barley around 6.30–6.40/bu, malt and feed barley offers in Saskatchewan, old-crop yellow peas at 8.50–9.00/bu, new-crop flax near 16.50, and new-crop green peas around 9.50–10.00. Input prices discussed include NH3 near $1,600/ton in Alberta, urea near $1,300/ton, and diesel about $1.42–$1.44/L plus GST. Headlines include a U.S. naval blockade impacting Iranian imports, improving early Russian winter crop conditions, minor U.S. Corn Belt planting delays, and Brazil’s soybean harvest nearing completion. In discussion with Quintin, they cover chart concerns, managed-money positioning as an alarm bell in veg oils, limited war premium beyond canola, re-owning pre-sold canola on pullbacks, crude oil call-spread hedges, and frustrations in oats where futures gains have not translated to cash prices. 00:00 Live Market Snapshot 00:55 Prairie Grain Highlights 03:13 Input Costs Update 04:00 Geopolitics And Wheat News 05:52 Wheat Market Outlook 07:45 War Premium And Canola 11:26 Re Owning Sold Canola 13:11 Hedging With Crude Options 14:35 Positioning Alarm Bells 19:58 Wrap Up And Next Shows
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Grain Markets Live: Canola, Wheat Weather Rally, Barley Bids Shift + War Premium & Input Costs
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