StatsCan Shock: Canola Acres Came in Big

StatsCan dropped new acreage numbers, and the canola market had to digest a bigger-than-expected number fast. In this Cuppa Coffee livestream, Ryan Denis is joined by Brian Comeault to break down what the StatsCan report means for canola, spring wheat, barley, peas, oats, lentils, and Prairie crop marketing decisions. They also touch on urea summer fill, wet crop conditions, canola crush demand, USDA acreage risk, and why buying out grain contracts can backfire when emotions are running high. If you’re trying to make better grain marketing decisions through a volatile summer, this episode is worth watching before your next move. Guest: Brian ComeaultHost: Ryan Denis, What the Futures Podcast Sponsored by Land for Rent: https://www.landforrent.com/Ryan Denis / Strategy Session: https://www.ryandenis.ca/ Chapters (00:00:00) - Market Open & Fertilizer Update(00:02:00) - Prairie Crop Conditions(00:04:45) - StatsCan Acreage Report Begins(00:05:20) - Canola Acres Breakdown(00:10:30) - Spring Wheat Outlook(00:13:35) - Barley Market Analysis(00:16:20) - Peas Could Become the Sleeper Crop(00:18:00) - Oats & Lentils(00:21:00) - USDA Expectations(00:22:30) - Technical Outlook for Canola(00:23:30) - Viewer Q&A(00:25:10) - Canadian Ag Markets(00:25:45) - Contract Buyouts vs Better Risk Management(00:27:30) - Ag in Motion