Markets Tank on Ceasefire News: Crop Price Reality Check, Updated Crop Rankings & My Farm Meeting Agenda

In episode 117 of the What the Futures Podcast (recorded April 8), Ryan covers a sharp midweek market drop and questions whether a Middle East ceasefire will matter for crop prices, noting markets were already cracking. He compares pre-war and current futures levels, with canola holding gains best while corn and soybeans have erased them, and suggests selling and re-owning risk on paper versus trusting a lasting ceasefire. Ryan updates his crop rankings after raising his fertilizer budget about $40/acre, yet makes minimal price assumption changes (max 3%), with canola still top for margin on his farm, maple peas and flax next, and many cereals and pulses underwater. He discusses 2026 marketing “baskets” (patience, opportunistic, forgiving), shares strategy reminders to review recent hedges and sales, and outlines a detailed farmer meeting agenda covering wins/losses, contracts, hedges, market outlook, cash flow, workflow, future crop plans, and inputs. 00:00 Markets Tank This Week 00:28 Podcast Intro 04:08 Don’t React On Down Days 05:37 Tooth Fairy Break 13:14 Crop Rankings And Fertilizer 24:00 Hat Design Contest 30:48 Meeting Agenda Basics 38:43 Inputs Fuel Logistics 42:02 Wrap Up Veggies Checklist 44:57 Final Sign Off