What the Futures!

This episode features a special audio-only presentation from Brian Perillat of Bullseye Marketing, recorded live at the Cows in Control grower event in Madden, Alberta. Brian takes a deep dive into the cattle markets, covering herd expansion, beef demand, feedlot economics, imports, and the key risks and opportunities producers should be watching as the cattle cycle evolves. If you're a cow-calf producer or involved in the beef industry, this episode offers practical insights to help you make better marketing decisions in today's market.

What makes Crop Marketing Made Cool different from every other farm conference? Ryan Denis takes you behind the scenes of the 2026 Crop Marketing Made Cool Conference in Brandon, Manitoba, explaining why the event intentionally breaks traditional conference rules, eliminates sales pitches, and focuses on helping farmers build their 2027 crop marketing plans. In this episode, Ryan discusses: Why the conference is called “Unhinged” Why speakers are paid instead of paying to present Why only farmers are allowed at most tables Building your 2027 crop marketing strategy Networking that actually creates long-term value New keynote speakers Breakout sessions AI in agriculture Farm business strategy Crop marketing education Guests / Speakers Mentioned Ryan Denis Vance Crowe Farmer Nathan Tyler Durst (RBC) Trent Clarenbach Brian Como Dwayne Sador Darren (337) Ryan Bonnett Allison Thompson Gavin Becker John DePape Conference Crop Marketing Made Cool December 1–2 Brandon, Manitoba

Canadian cattle markets continue making history but is this the top? Ryan Denis sits down with Brenna Grant of Canfax to break down everything producers need to know heading into fall, including: Canadian and U.S. herd expansion Beef demand and consumer trends Feed costs • China and Brazil’s impact on exports Drought outlook Heifer retention Fall run expectations Risk factors that could derail cattle prices Whether you’re a cow-calf producer, feedlot operator, grain farmer, or ag investor, this episode delivers one of the most comprehensive cattle market outlooks available. Guest: Brenna Grant – Canfax Hosted by Ryan Denis Website: https://www.whatthefuturespodcast.ca Chapters (00:00:00) - Introduction(00:02:45) - Weather outlook & drought improvements(00:04:00) - Feed costs, barley and corn(00:05:20) - Where we are in the cattle cycle(00:07:00) - Why cattle stay on feed longer(00:08:00) - Why Canada imports U.S. feeder cattle(00:10:00) - Slaughter numbers & carcass weights(00:11:30) - China reopening & Brazil export quotas(00:15:00) - Could Brazilian beef flood North America?(00:17:00) - Why beef demand remains incredibly strong(00:18:30) - Protein trend & Ozempic(00:20:00) - Canadian beef consumption(00:21:15) - U.S. herd update(00:23:00) - Texas screw worm & border closures(00:25:00) - Heifer retention outlook(00:26:00) - Are cattle prices peaking?(00:27:30) - Yearling & calf price outlook(00:30:00) - Biggest risks to cattle prices(00:32:20) - Buying expensive bred heifers(00:35:20) - Final thoughts

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

In this episode of What The Futures, Ryan Denis sits down with Lorelei Gress from Fuel Nexus to discuss diesel markets, fuel planning, pre-purchasing fuel, locking in fuel budgets, and why some farmers are already planning their 2027 fuel strategy. They break down real-world examples that show fuel savings, discuss whether diesel prices are likely to decline, and explain how producers can protect themselves against volatile energy markets. Diesel price outlook WTI crude oil trends Fuel budgeting for harvest • Pre-buying fuel Cost of borrowing money for fuel purchases Fuel Nexus fuel plans • Diesel market volatility Farm financial planning Fuel savings examples Ag in Motion Guest: Lorelei Gress Fuel Nexus https://www.linkedin.com/in/lorelei-gress-yeboah-37776073/ Chapters (00:00:00) - Farmers just experienced huge market volatility(00:01:15) - Why diesel prices aren’t following crude oil lower(00:04:05) - Is diesel still expensive historically?(00:06:05) - What farmers are asking about right now(00:07:30) - Canola volatility and emotional marketing decisions(00:08:15) - What happens if fuel prices fall after you lock in?(00:09:20) - The Fuel Nexus Market Advantage strategy(00:11:00) - Planning fuel purchases 12 months ahead(00:11:45) - Building a farm fuel budget(00:13:00) - Understanding the fuel planning chart(00:15:00) - Example fuel plan saving $26,000(00:17:20) - Why budgeting fuel matters more than ever(00:19:00) - Can larger fuel users get bigger discounts?(00:20:00) - Planning harvest 2026 and spring 2027 fuel(00:21:00) - How farmers could lock in 64¢ diesel(00:21:50) - Why you don’t need storage tanks anymore(00:24:45) - Cost of borrowing money to buy fuel(00:26:45) - Real customer savings examples(00:27:15) - One farmer saved 72¢ per litre(00:29:00) - Fuel buying versus grain marketing psychology(00:30:00) - Fuel discounts vs traditional dividends(00:32:00) - What could farmers do with an extra $26,000?(00:33:00) - Teaming up with neighbors to buy fuel(00:35:00) - Fuel Nexus updates and Ag in Motion

Fertilizer prices have finally come down, but the farm decisions are not getting any easier. In this Cuppa Coffee livestream from What the Futures Podcast, Sarah Cochet fills in for Ryan Denis and talks with Josh Uhrich of Bunge about urea prices, flooded acres, canola contracts, $800 canola, grain marketing decisions, weather risk, and prairie elevator competition. They cover whether farmers should be looking at summer fill urea, what flooded acres mean for canola contract risk, what it would take for canola to push back toward $800, and why grain marketing decisions need to be made farm by farm. Guest: Sarah Cochet, Trigger Grain Marketing Josh Uhrich, Bunge Links mentioned: Ryan’s fertilizer episode with Josh Linville: https://youtu.be/XkkvZ4aDMP4?si=0DR7tStAmIR9AelV ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/https://www.x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www.whatthefuturespodcast.ca Thanks to our Sponsors John Deerehttps://www.operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYounghttps://www.brettyoung.ca/ Chapters (00:00:00) - Sarah Cochet fills in for Ryan(00:00:31) - Market snapshot: canola, wheat, corn, soybeans and crude(00:01:15) - Crop ratings, winter wheat harvest and global weather risk(00:02:02) - Josh Uhrich joins the show(00:03:27) - Bunge’s Unity location and Northwest Terminal update(00:04:04) - Flooded and unseeded acres across the Prairies(00:05:58) - Rain, heat and what crops need next(00:06:44) - Should farmers buy out canola contracts?(00:08:38) - Urea prices dropped. Is it time to buy?(00:10:25) - Making fertilizer decisions farm by farm(00:10:53) - Is $800 canola still possible?(00:12:13) - What it would take to push canola higher(00:13:29) - Weather risk, Europe heat and Canadian production risk(00:14:48) - Specialty canola contracts and target pricing(00:15:34) - Why farmers should understand contract options(00:16:10) - Bunge locations and customized contract tools(00:16:58) - Cargill, P&H and Grains Connect location sales

Canola hit $800, then pulled back toward $730. So why do farmers feel better now? In this episode of What the Futures Podcast, Ryan Denis breaks down the emotional side of crop marketing, why farmers often feel worse during a rally than after a pullback, and how margin calls, hedges, canola puts, old crop wheat, acreage reports, diesel, fertilizer and summer weather risk all fit into the end-of-June marketing plan. Ryan also talks through old crop wheat sales, softening oat, barley and pea bids, new crop review, harvest delivery planning, canola acreage risk, and why farmers need to park emotion before the next market move. What the Futures Podcast:https://www.whatthefuturespodcast.ca/ Ryan Denis:https://www.ryandenis.ca/ Strategy Room:https://www.ryandenis.ca/strategy-room Crop Marketing Made Cool Conference 2026:https://www.ryandenis.ca/2026-conference Ag in Motion:https://aginmotion.ca/ UPL WAVE Biostimulant:https://www.uplcorp.com/ca/product-details/wave-biostimulant UPL ROXAR Fungicide:https://www.upl-ltd.com/ca/product-details/roxar BrettYoung:https://brettyoung.ca/ BrettYoung Knowledge Hub:https://brettyoung.ca/agricultural-seed-crop-inputs-canada-portal/knowledge-hub/ Cows in Control:https://cowsincontrol.com/ FBN:https://www.fbn.com/ Trigger Grain:https://triggergrain.ca/ RBC / Tyler Durst:https://wmc.rbcwealthmanagement.com/the-simpson/caputo-group/ Email Ryan:[email protected] Chapters (00:00:00) - Canola at $730 vs $800: Why Farmers Feel Better(00:00:35) - UPL Studio, WAVE, ROXAR and Spraying Update(00:02:40) - Cattle Meeting Lesson: The Other AI(00:06:08) - BrettYoung Forage Blends and Knowledge Hub(00:07:18) - Father’s Day Reflection and Ryan’s Birthday Week(00:10:12) - Upcoming Episodes and July 6 Strategy Room(00:11:17) - New Crop Canola Breaks Support Near $730(00:12:18) - The $800 Canola Emotion Trap(00:14:20) - Margin Calls, Hedges and Pressure on the Farm(00:16:30) - The Double Whammy: Exiting Risk and Missing the High(00:19:40) - Old Crop Wheat, Oats, Barley and Peas: Clean the Bins(00:22:17) - New Crop Review: Cash Flow, Delivery and Targets(00:24:09) - Check Your Market Bias Before Making Sales(00:28:09) - Acreage Reports and Canola Downside Risk(00:29:27) - Strait of Hormuz, Diesel, Fertilizer and Volatility(00:30:37) - Park Emotion and Follow the Crop Marketing Plan(00:31:38) - Closing and Cuppa Coffee Note

BAM Weather meteorologist Brett Waltz joins Ryan Denis to break down the latest Prairie weather outlook and explain why one of the strongest El Niño events on record could shape crop conditions across Western Canada and the U.S. Will July bring the heat everyone fears? Is drought still a risk? And what does the “horseshoe weather pattern” mean for spraying, crop development, and yield potential? Brett shares his outlook for June, July, August, and even early harvest season. Links & Resources Links mentioned: What the Futures Podcast:https://www.whatthefuturespodcast.ca/ Ryan Denis:https://www.ryandenis.ca/ Ryan’s email list:https://www.ryandenis.ca/subscribe Strategy Room:https://www.ryandenis.ca/strategy-room Lunch Box Crew:https://www.ryandenis.ca/lunch-box-crew Crop Marketing Made Cool Conference:https://www.ryandenis.ca/2026-conference UPL Wave Biostimulant:https://www.uplcorp.com/ca/product-details/wave-biostimulant BAM Weather:https://bamwx.com/ Bret Walts:https://x.com/BretWaltsWx Bret Walts LinkedIn:https://www.linkedin.com/in/bretwaltswx Futures text updates / questions for Ryan:[email protected] #Weather #Farming #Agriculture #Canola #Wheat #ElNino #PrairieWeather #CropMarketing #WhatTheFutures Chapters (00:00:00) - Prairie weather update for Western Canadian farmers(00:04:35) - Bret Walts joins with the June/July weather outlook(00:10:13) - Cooler weather, rain chances and spraying windows(00:12:40) - July heat risk and what it means for late crops(00:18:32) - August moisture, drought risk and harvest conditions(00:22:43) - Will the crop get smoked by July heat?(00:28:39) - Ryan wraps with fertilizer and crop marketing updates

Should prairie farmers buy fertilizer right now or wait for better prices? In Episode 127 of What The Future’s Podcast, Ryan Denis sits down with Josh Linville from StoneX to discuss urea prices, fertilizer market uncertainty, the Strait of Hormuz reopening, China’s export plans, sulfur markets, and what farmers should be considering before locking in fertilizer for 2027. Josh explains why fertilizer prices have fallen, what could happen next, and why layering fertilizer purchases may be the best strategy in today’s market. Featuring: Ryan Denis & Josh Linville (StoneX) Topics Covered: Urea prices under $800 Summer fill fertilizer opportunities China’s fertilizer exports Fertilizer hedging strategies Sulfur market outlook • Strait of Hormuz impact Fertilizer buying strategy for 2027 Canola and wheat marketing Subscribe for weekly market intelligence and farm management strategies. Ryan Denis:https://www.ryandenis.ca/Ryan’s email list:https://www.ryandenis.ca/subscribeWhat the Futures Podcast:https://www.whatthefuturespodcast.ca/Strategy Room:https://www.ryandenis.ca/strategy-roomLunch Box Crew:https://www.ryandenis.ca/lunch-box-crewCrop Marketing Made Cool Conference 2026:https://www.ryandenis.ca/2026-conferenceJosh Linville on X/Twitter:https://x.com/JLinvilleFertStoneX Farmer Fertilizer Focus:https://shop.stonex.com/products/farmer-fertilizer-focusHarvest Profit:https://www.harvestprofit.com/Futures text updates:[email protected] #Fertilizer #Urea #Farming #Agriculture #Canola #Wheat #StoneX #FarmManagement Chapters (00:00:00) - Should farmers buy fertilizer now?(00:05:00) - Current prices, summer fill, and the urea collapse(00:09:00) - Have supply problems actually been fixed?(00:13:00) - Should farmers buy July/August fertilizer?(00:19:00) - Farm economics, demand, and new CME contracts(00:24:00) - Urea, sulfur, and China's role in pricing(00:28:00) - Why prices vary and how volatility creates opportunity(00:31:00) - Key takeaways for 2027 and where to follow Josh Linville(00:34:00) - Canola and wheat marketing update(00:39:00) - Building the 2027 farm plan

Canola futures are green, but prairie basis is still ugly. In today’s Cuppa Coffee, Ryan Denis breaks down canola, wheat, urea, UAN, crude oil, crop conditions, and crop marketing strategy with Evan Boyle from Simple Hedge. Canola was trading around $763/tonne, crude oil was under $78/barrel, urea was around $800/tonne, and wheat markets were trying to find support. Ryan and Evan discuss whether farmers should sell wheat rallies, whether canola basis is lagging futures, whether puts still make sense, and why relief rallies may be the marketing opportunity farmers cannot afford to ignore. Guest:Evan Boyle, Simple Hedge Thank you to our sponsorhttps://land4rent.com Subscribe for more Western Canadian grain market updates, canola futures, wheat markets, fertilizer pricing, basis conversations, and practical crop marketing strategy. #Canola #GrainMarkets #CropMarketing Chapters (00:00:00) - Futures open: crude, canola, wheat, soybeans(00:00:53) - Wheat demand and prairie grain prices(00:01:16) - Urea near $800/tonne(00:01:44) - UAN premium vs urea(00:02:31) - U.S. crop conditions improve(00:03:33) - Crude, urea and market headlines(00:04:32) - Evan Boyle from Simple Hedge joins(00:05:21) - Simple Hedge app and farmer education(00:06:31) - Simple Hedge weekly market recap(00:08:35) - WASDE recap: mostly quiet(00:09:59) - Wheat support: sell rallies or wait?(00:12:30) - Wheat risk, weather and winter opportunities(00:13:25) - Is canola basis broken?(00:14:39) - Why canola futures are holding up(00:15:38) - Are commercials waiting on farmer selling?(00:17:50) - Did farmers miss the canola put window?(00:19:11) - Ryan’s canola hedge strategy(00:21:09) - Hedging without delivery risk(00:21:30) - Final advice: reward relief rallies(00:22:14) - Land4Rent sponsor and Friday preview

Can canola keep rallying? Or is this a relief rally before lower prices ahead? In Episode 126 of What the Future’s Podcast, Ryan Denis is joined by Trent Clarenbach of Clarenbach Research to discuss canola, wheat, crude oil, commodity supercycles, crop marketing decisions, fertilizer price volatility, food security, and why farmers may need to stay disciplined despite bullish sentiment. They also discuss: • Canola above $800/tonne • Wheat market warning signs • Commodity supercycle expectations • Crude oil outlook • Fertilizer’s shocking $500/tonne correction • Weather impacts across Western Canada • Food security and global trade • Crop marketing strategies for 2026 Guest: Trent Clarenbach – Clarenbach Research Chapters (00:00:00) - Introduction: How bullish should farmers be?(00:02:30) - Weather challenges across Western Canada(00:04:00) - Farm Crisis Helpline message(00:08:00) - Positive moments from the week(00:12:00) - Crop marketing reminders(00:14:00) - Adjusting acres, yields & risk exposure(00:21:00) - Extreme weather & Super El Niño discussion(00:23:00) - Fertilizer prices drop $500/tonne(00:28:30) - Understanding the relief rally(00:34:00) - Trent Clarenbach joins the show(00:35:00) - The Spread Trader newsletter(00:37:00) - Weaponization of food & food security(00:43:00) - Crude oil outlook & commodity supercycle(00:44:30) - Canola, wheat & crop marketing opportunities(00:48:00) - Why farmers should stay proactive(00:49:00) - Ryan’s reaction to Trent’s outlook(00:51:00) - Eating Your Veggies: Crop marketing action items(00:54:00) - Brett Young 7206 update(00:55:00) - Tyler Yaremchuk joins the show(01:01:00) - Mike Babcock & the Edmonton Oilers(01:05:00) - Stanley Cup Final discussion(01:10:00) - Toronto Blue Jays update

Canola hit $802, pulled back near $774, and now farmers are asking the big question: did canola already hit its seasonal high, or is this just a relief rally? In this episode of Cuppa Coffee from What the Futures, Ryan Denis is joined by Farmer Nathan to talk through the live grain market moves, canola pricing, wheat basis, diesel price discovery, prairie moisture, unseeded acres, hedging resources, and how farmers can make profitable sales without freezing up emotionally. Nathan breaks down how he approached $800 canola, why he still made earlier sales at profitable levels, and how he thinks about futures-only sales, pullbacks, and using calls to stay in the game. Ryan also shares what farmers are asking about diesel under $1/L, Fuel Nexus, old crop wheat opportunities, feed barley, and why this is a moment to focus on today’s decisions instead of regretting past sales. Sponsored by Land for Rent: https://landforrent.com Land for Rent:https://www.landforrent.comFuel Nexus:https://www.fuelnexus.ca/Previous episode with Susan Stroud:https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1yPrevious episode with Laura Lee / Lorelei Gress from Fuel Nexus:https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1yWhat the Futures Podcast:https://www.whatthefuturespodcast.caWhat the Futures on Spotify:https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1yWhat the Futures on Apple Podcasts:https://www.podcasts.apple.com/ca/podcast/what-the-futures/id1715185428What the Futures on Instagram:https://www.instagram.com/whatthefuturespod/What the Futures on X:https://x.com/wtfuturespodRyan Denis:https://www.ryandenis.caEmail Ryan:[email protected] Chapters (00:00:00) - Market Open & Grain Futures Update(00:01:20) - Prairie Weather, Crop Conditions & Tornado Concerns(00:03:00) - Nathan Kuhn Joins the Show(00:03:40) - Why Nathan Is Watching Canola Closely(00:05:10) - Relief Rally or Something Bigger?(00:06:20) - Susan Stroud’s Bullish Canola Call(00:07:15) - Canola Hits $800: Why Farmers Became Emotional(00:08:40) - How To Sell $800 Canola and Still Sleep at Night(00:09:20) - Nathan’s Canola Selling Strategy(00:10:15) - Best Resources for Learning Hedging(00:11:20) - Nathan’s Favorite Canola Hedge Strategy(00:12:20) - Learning Futures Trading Through Experience(00:13:20) - Wheat Marketing Challenges(00:14:00) - Why Wheat Basis Is Improving(00:15:00) - Negotiating Better Wheat Prices(00:15:40) - How Nathan Markets Spring Wheat(00:16:40) - Fuel Nexus and Diesel Buying Strategy(00:18:00) - How One Farm Saved $20,000 on Fuel(00:19:10) - Feed Barley Warning(00:19:40) - Ryan’s Final Canola Marketing Advice(00:20:30) - Closing Thoughts

Canola just hit $800/ton for the first time since 2023. This week Ryan Denis sits down with Susan Stroud from No Bull Ag to break down the surprising rally in canola, why U.S. biofuel policy may be driving the move, and what producers should consider as prices surge higher. They discuss renewable fuel mandates, RIN values, soybean oil demand, canola’s role in biofuels, risk management, and why some of the best sales happen when farmers feel the most uncomfortable. Plus: Western Ag joins the show to discuss CropCaster, fertility planning, yield forecasting, and how better agronomy data can improve crop marketing decisions. Guests: • Susan Stroud (No Bull Ag) • Blake Weiseth (Western Ag) Links Mentioned: • https://www.nobullag.com • https://www.ryandenis.ca • https://www.harvestprofit.com • https://www.deere.ca Chapters (00:00:00) - Canola hits $800 02:20 Strategy Room update(00:08:50) - Why $800 canola feels frustrating(00:15:00) - Why farmers shouldn’t freeze(00:17:40) - Susan Stroud joins(00:20:20) - Why canola is rallying(00:23:00) - Biofuel demand explodes(00:24:00) - Why canola is winning in 2026(00:29:00) - Trade wars, energy and Europe(00:33:30) - The psychology of selling(00:34:00) - The best sales happen when uncomfortable(00:37:00) - Why lifting hedges can be dangerous(00:40:00) - Policy risks ahead(00:44:00) - AgriNext conference preview(00:50:20) - Western Ag joins(00:51:20) - Fertility meets crop marketing(00:57:20) - CropCaster explained(01:06:20) - Using yield forecasts for marketing(01:29:00) - Strategy Talk(01:30:20) - What should you do with $800 canola?

Grain markets are moving fast on June 2. Brian Comeault is filling in on Cuppa Coffee while Ryan is away, and John DePape joins the show to break down wheat basis, canola near $780, diesel price discovery, unseeded acres, and what Western Canadian farmers should be watching next. In this live grain market update, Brian covers canola futures, wheat pressure, soybeans, bean oil, crude oil, the Canadian dollar, Prairie rain delays, and diesel quotes that are getting farmers’ attention. Then John DePape explains why basis may matter more than many farmers think, why local bid competition can create major price differences, and why separating futures and basis decisions can be a powerful crop marketing strategy. Sponsored by Land for Rent / Land4Rent: https://land4rent.com/ Links mentioned:The Trading Floor: https://thetradingfloor.circle.so/c/start-hereLand for Rent sponsor link mentioned in the episode: https://landforrent.comPossible active sponsor site to verify: https://land4rent.comStrategy Room registration: Link mentioned as being on What the Futures socials. Watch on YouTube  Follow What the Futures:Instagram: https://www.instagram.com/whatthefuturespod/X: https://x.com/wtfuturespodWebsite: https://whatthefuturespodcast.ca Email Ryan:[email protected] #GrainMarkets #Canola #WheatBasis Chapters (00:00:00) - Canola $780, wheat pressure, soybeans, oil & dollar(00:01:22) - Diesel price discovery and sub-$1 fuel quotes(00:03:08) - Wet fields, rain delays, and unseeded acres(00:04:36) - Crop conditions, weather, and market pressure(00:05:35) - John DePape joins Brian(00:06:23) - Peas, canola carryout, brokerage, diesel questions(00:07:43) - Are unseeded acres enough to move markets?(00:10:03) - Wheat basis transparency and Patterson pricing(00:13:21) - Local bids, specials, targets, and competition(00:14:44) - Export sales reporting and price transparency(00:17:30) - Bullish case for new crop CWRS basis?(00:19:28) - Why farmers should separate futures and basis(00:20:00) - Why basis is not boring(00:21:12) - How farmer selling behavior moves basis(00:22:52) - Basis, spreads, and grain company strategy(00:23:19) - John DePape’s Trading Floor breakdown(00:24:44) - Land for Rent sponsor and Strategy Room update

Episode 124 of the What the Futures Podcast features Chuck Penner of LeftField Commodity Research answering grower questions on peas, lentils, durum, canola, wheat, and feed barley. Penner breaks down Prairie weather extremes, pea demand from China and India, durum pressure from weaker North African demand, lentil uncertainty tied to Canada, Australia, and India, and canola’s rally into new highs. The episode also covers old crop wheat specials, rising feed barley values, improving canola basis, and the importance of staying ready to execute marketing plans. 00:00 Episode kickoff00:43 Sponsor message01:29 Markets and canola highs03:07 Song of the week04:27 Seeding challenges and farm morale08:22 Hedging and farm updates10:38 Chuck Penner joins16:59 Green and yellow peas25:01 Durum outlook31:17 Lentil market update37:09 Canola momentum42:19 Canola rally strategy45:49 Wheat specials46:42 Feed barley pricing47:34 Basis watchlist49:03 Farm update and sponsor50:31 Eating your veggies52:20 Conference and text updates53:19 Final wrap

Canola prices, wheat hedging, late seeding risk, feed barley, oats, diesel, and weather market pressure are all on the table in this Tuesday Cuppa Coffee livestream from What the Future’s Podcast. Ryan is joined by Quinton from JGL to talk through what farmers across the Prairies are watching right now, including canola hedge targets, wheat basis, seasonal market pressure, late planting concerns, export strength, and why weather may matter more than war headlines for grain and oilseed markets this week. Sponsored by UPL. ⏰ Timestamps 00:00 UPL Wave + fertilizer shock00:48 Canola hedge target near $76001:26 Wheat rally + hedge strategy02:18 Barley, oats + diesel update04:18 Weather risk, war headlines + late seeding07:43 Quinton from JGL joins09:45 Marketing decisions + seasonal highs15:18 Options, downside protection + crop uncertainty

Delayed seeding in Western Canada, canola prices near recent highs, spring wheat drought risk, barley bids, and 2026 crop marketing strategy are all on the table in this episode of What the Futures Podcast. Ryan Denis is joined by Brian Comeault of Ireland Comeault Lafoy / Canadian Ag Markets to break down what Prairie seeding delays could mean for canola, why canola puts may be worth a look, how U.S. wheat conditions could shape spring wheat, and what farmers should be watching before the next major market move. Guest:Brian Comeault, Canadian Ag Markets / Ireland Comeault Lafoy Links mentioned: Ryan’s email list: https://www.ryandenis.caWhat the Futures Podcast: https://www.whatthefuturespodcast.caCanadian Ag Markets YouTube: https://www.youtube.com/@CanadianAgMarketsIreland Comeault Lafoy: https://www.irelandcomeaultlafoy.com Canadian Ag Markets trial/subscription info: https://buy.stripe.com/bJe28r0A9cLg81r8ni6Vq05Harvest Profit: https://www.harvestprofit.comJohn Deere Operations Center: https://www.deere.ca/en/technology-products/precision-ag-technology/operations-center/UPL WAVE Biostimulant: https://www.uplcorp.com/ca/product-details/wave-biostimulantEmail Ryan for futures updates: [email protected] Timestamps:00:00 Seeding delays, canola, and wheat market setup00:44 UPL WAVE and sponsor intro01:30 Fertilizer market episode mention02:20 Ryan’s seeding update and safety reminder07:40 Brian Comeault joins08:08 Prairie seeding delays and canola impact10:14 Three drivers behind canola strength14:33 2022 planting-delay comparison17:06 Marketing differently in 202618:16 Canola risk tools and put options25:12 U.S. wheat conditions and Kansas wheat tour27:01 Spring wheat, drought risk, and 2017 comparison31:16 Barley bids and export strength32:22 Acreage shifts from delayed seeding38:38 Ryan’s market update40:40 Eating Your Veggies: targets, yield checks, puts43:09 Planting playlist and final CTA #Canola #CropMarketing #WheatMarkets

Fertilizer prices, phosphate supply, and 2027 crop planning are already becoming major questions for farmers. In this Tuesday Cuppa Coffee livestream from What the Future’s Podcast, Ryan Denis is joined by Josh Linville of StoneX to break down the fertilizer market, including phosphate, potash, urea, China, the Strait of Hormuz, and whether farmers should lock in fall fertilizer or keep waiting. Josh explains why North America made it through spring 2026 better than some feared, why global fertilizer supplies are still tight, and what could cause phosphate prices to finally break lower. Ryan also covers canola, wheat, soybeans, oats, Prairie seeding delays, U.S. planting progress, and why farmers may need to “play financial defense” while markets are offering stronger pricing opportunities. Links mentioned:UPL WAVE Biostimulant: https://www.uplcorp.com/ca/product-details/wave-biostimulantWhat the Future’s Podcast: https://www.youtube.com/@whatthefutures/videos ⏰ Timestamps 00:00 Intro + markets update 01:20 Prairie planting delays discussion 03:00 US crop conditions + wheat concerns 04:20 Josh Linville joins the show 05:10 Why fertilizer shortages haven’t happened yet 07:00 Are fertilizer fears overblown? 08:40 Australia fertilizer concerns explained 10:15 Super El Niño debate 11:05 Current state of fertilizer markets 13:10 Why phosphate prices remain high 15:10 China + Strait of Hormuz risks 16:20 Why farmers are sitting on their hands 17:10 White House fertilizer announcements 18:40 “I wanna be boring again” moment 19:20 Will planting delays rally grain markets? 20:00 Ryan’s grain marketing advice for farmers #FertilizerMarket #GrainMarkets #WhatTheFutures Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deerehttps://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYounghttps://brettyoung.ca/ #FertilizerMarket #GrainMarkets #WhatTheFutures

In Episode 122 of the What the Futures podcast, Ryan reviews a volatile week in prairie crop markets after a USDA-driven spike and explains how grain companies often widen or protect basis during rallies, creating large price discrepancies between nearby elevators. He urges farmers to focus on execution during seeding-season market spikes, emphasizing that rallies can materially improve farm profitability and should be evaluated and protected. Using real examples (e.g., Killam vs. Daysland, Alberta; Aberdeen vs. Melfort, Saskatchewan), he compares wheat bids and breaks down futures, currency, and basis to show differences of roughly 50+ cents per bushel. Ryan discusses strategies to manage the remaining unsold crop without high buyout risk, including put options, structured floors with upside, and averaging-type contracts, and encourages active price discovery across buyers. 00:00 USDA Spike Setup 01:30 Short Sweet Focus 02:39 Merchandisers Love Rallies 04:16 This Week Market Recap 05:40 Profitability Wake Up Call 15:47 Execution After Spikes 17:53 How Farms Sell Rallies 21:43 Act Of God Reality 22:29 Protect The Remaining 70 25:02 Elevator Price Math 31:16 Risk Tools And Options 35:54 Eating Your Veggies

Ryan Denis is joined by Allison Thompson of The Money Farm to break down the latest USDA WASDE report expectations, wheat market rally potential, 2012-style drought comparisons, and the biggest crop marketing strategies farmers need right now. From wheat, corn, soybeans, barley hedging strategies, and weather risk, this episode covers critical insights for producers navigating volatile grain markets in 2026. Topics Covered: - USDA WASDE new crop outlook- Wheat rally opportunities- US drought map vs 2012- Spring wheat & winter wheat risks- Barley downside protection- Corn and soybean options strategies- Farmer crop marketing plans Guest:Allison Thomson – The Money Farm Sponsored by:UPL – Wave Biostimulant & Telaron Fungicide Timestamps:00:00 Market headlines + sponsor 03:20 Allison Thomson joins 05:20 Winter wheat crop concerns 07:40 Drought map analysis + 2012 comparison 11:00 Crop hedging strategies 13:00 Feed barley downside protection 17:30 Have farmers missed the wheat rally? 19:40 USDA WASDE preview 22:40 Final farmer marketing strategy Chapters (00:00:00) - Market headlines + sponsor(00:03:20) - Allison Thomson joins(00:05:20) - Winter wheat crop concerns(00:07:40) - Drought map analysis + 2012 comparison(00:11:00) - Crop hedging strategies(00:13:00) - Feed barley downside protection(00:17:30) - Have farmers missed the wheat rally?(00:19:40) - USDA WASDE preview 22:40 Final farmer marketing strategy

Episode 121 of the What the Futures Podcast features Ryan Copithorne (Cows in Control) on cattle markets sitting at all-time highs, including why pricing is strong, what bearish risks to watch, and practical risk management ideas like forward selling, livestock price insurance, and hedging, plus details on his June 18 event in Madden, Alberta. Ryan also discusses farm community challenges, flooding and road washouts delaying seeding on the Denis farm, and emphasizes “tractor cab math” to compare today’s grain prices to budgets and lock in margins. Tyler Yaremchuk (Nation Network) joins to recap the NHL playoffs, discuss Oilers roster needs, and react to the draft lottery chaos with the Maple Leafs landing the No. 1 pick. The episode closes with “eating your veggies” marketing tips and a song pick for the planting playlist. 00:00 Welcome and lineup 01:06 UPL Wave and subscribe 01:58 Hat contest and crisis line 04:31 Heavy weeks and community 12:08 Cattle markets with Ryan 32:42 Tractor cab math setup 38:21 Oilers Season Letdown 55:06 Eating Your Veggies Risk Plan 58:46 Planting Playlist And Wrap

The host recaps morning market moves (canola steady; wheat, soybeans, and corn lower; bean oil strong; CAD ~73.5; WTI down) and urges diesel price discovery due to wide quote variance, then welcomes Chuck Penner of Left Field Commodities to discuss what’s driving markets, seasonal patterns, and crop marketing timing. Penner says many crops are still following seasonals despite record production, warning wheat/canola and other major crops often top within the next few weeks and tend to weaken into summer, so growers shouldn’t assume rallies will continue. They review USDA crop progress and ratings, prairie seeding disruptions from excess moisture, shifting Western Canadian seeding intentions, risks in barley tied to Chinese demand, and red lentil seasonals alongside El Niño considerations in India. Penner notes post-harvest rallies often peak around November and directs viewers to leftfieldcr.com for a 30-day trial. 00:00 Market Week Kickoff 00:44 Morning Futures Snapshot 01:35 Diesel Price Discovery 01:59 Viewer Questions Preview 02:38 Headlines War and Crops 03:13 USDA Crop Progress Breakdown 04:31 Prairie Planting and Fertilizer 05:19 Chuck Joins and Seasonals 06:13 Seasonal Peaks and Timing 08:05 Supercycle Talk and Wheat Bull Case 10:25 Barley Demand Risks 11:45 Seeding Intentions Shifting 12:53 Prairie Conditions and Delays 14:14 New Crop Selling Strategy 17:47 Wheat Selling Window 19:49 Lentils Seasonals and El Nino 22:23 Wrap Up and Next Episode

On a holiday week, Ryan shares a condensed market outlook for Western Canadian farmers heading into planting 2026, covering key themes and practical strategy. He discusses how “blow-off tops” in markets like canola and wheat often mark difficult levels to trade above, and why he’s cautious short-term on canola while still expecting multiple selling chances. He outlines three marketing “baskets” (patience for specialty crops like peas/lentils and malt barley; opportunistic for wheat and feed barley; forgiving for canola), notes heavy 2025 global supplies and specialty-crop carryover, and flags major wildcards including Middle East conflict impacts on fertilizer availability, higher energy/freight costs, US drought and frost risks, biofuel policy clarity, and recession talk tied to crude spikes. He also reviews tools like no-price-established contracts, bear put spreads, reownership, futures-first, and contract insurance. 00:32 Intro 01:08 Holiday Outlook Setup 02:37 Family Story and Updates 05:26 Market Themes Overview 06:55 Three Crop Baskets 10:47 Supply and Carryover Reality 13:34 Margins and Market Mood 14:53 Blow Off Top Deep Dive 19:15 Iran War and Fertilizer Risk 22:57 Freight Weather and Biofuels 26:11 Recession and Chart Patterns 28:44 Crop Rankings for 2026 31:12 Marketing Strategies Toolkit 35:49 What Worked and Wrap Up

What separates the top 2% of farms from everyone else? In this episode, Ryan Denis talks with Evan Shout about crop marketing, farm financials, cash flow, diversification, and the management decisions that actually move the needle. If you farm in Western Canada, this one is packed with real perspective. Guest: Evan Shout of Maverick Ag, Farmer Coach, and The Truth About Ag. Timestamps 00:00 Intro 03:31 Meet Evan Shout 04:47 How farmers react when markets get volatile 09:54 The first big farm coaching aha moments 12:10 Why Farmer Coach exists 14:32 What Maverick Ag actually helps farms with 17:48 Ryan’s crop marketing story 19:39 Why future-focused farms think differently 22:54 The top 20% vs the top 2% 27:31 Why crop marketing is still underused 29:51 Cost of production, cash flow, and selling strategy 38:08 Family, advocacy, and why Evan speaks openly 40:12 Why this conversation needs a part two

Episode 118 of the What the Futures Podcast features meteorologist Bret Walts (BAM Weather) discussing the developing strong-to-potential “Super El Niño,” its definition, and likely impacts on U.S. and Canadian moisture patterns, including continued Kansas winter wheat dryness with a possible pattern change toward more rain later in April/May and a warmer, generally favorable late-April/May outlook for Saskatchewan and Alberta planting. Ryan also shares crop market notes, highlighting wheat strength tied to Kansas dryness, caution on barley and canola, and the importance of being comfortable with hedge and sales positions. The episode then turns to diesel with Lorelei Gress (Fuel Nexus), covering the temporary federal excise tax suspension (April 20–Sept. 7), how Fuel Nexus’ pre-purchase program and delivery works, pricing transparency, and an additional short-term discount promotion. 00:00 Episode Preview 04:37 Positive Moments And Vacation 08:30 Wheat And Canola Markets 11:45 Weather Talk With Bret 17:17 Prairie Spring Outlook 24:07 Weather Wrap And Marketing 27:05 Fuel Guest Introduction 30:12 What Fuel Nexus Does 39:06 Pre Purchase Discounts 46:00 Fuel Myths Busted 50:46 Locked In Price Promise 58:11 Eating Your Veggies 01:02:37 Final Wrap Up

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

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

Grain markets look bullish right now… but something isn’t adding up. In today’s Cuppa Coffee, we break down why oil is driving markets higher, yet wheat, canola, and other crops aren’t reacting the way they should. What you’ll learn: - Why this rally feels uneasy - The impact of oil prices on grain markets - What a “blow-off top” means for canola - Why wheat isn’t reacting to bullish news - The real risk behind Middle East headlines - Fertilizer and oil price implications - What farmers should be watching right now Featuring: Trent Klarenbach https://www.klarenbachresearch.ca Subscribe for weekly market breakdowns: https://www.youtube.com/@whatthefutures #GrainMarkets #Canola #Farming Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

In episode 116 of What The Futures, Ryan welcomes Allison Thompson of The Money Farm for her debut to break down USDA acreage expectations, market volatility and technical levels in wheat, and what early fertilizer bookings and rotation decisions may mean for corn, soybeans, and expanding crops like canola and sunflowers, including a canola acreage jump to 2.685 million. Ryan also answers Cuppa Coffee questions on canola carry and thin liquidity, payback on on-farm fertilizer and fuel storage, the Lunchbox Crew community, and diesel hedging via heating oil or crude. James Mitchell of Crop Management Network then focuses on domestic Western Canada fertilizer, warning of spring allocation, plant turnarounds, tight urea/phosphate, potential multi-day delays, and considerations like UAN availability and summer fill risks amid global supply constraints and export restrictions. 00:00 Show Preview 04:54 Positive Moments Update 08:24 Cuppa Coffee Q And A 09:16 Canola Carry And Spreads 11:08 Fertilizer And Fuel Storage 17:05 Lunchbox Crew Explained 19:37 Hedging Diesel Costs 21:44 Allison Joins The Pod 21:56 Market Technicals And Pullbacks 25:29 USDA Acreage Report Breakdown 38:39 Eating Your Veggies Tips 42:50 Fertilizer Supply Reality 45:05 Allocation and Bottlenecks 46:44 Plant Outages and Turnarounds 53:56 Summer Fill Global Risks 01:01:58 Final Advice and Sign Off

The EPA just handed canola its biggest biofuel win in history, and most farmers haven't caught up to what it means yet. Canola oil demand for U.S. biomass-based diesel is projected to more than double, with massive implications for Canadian producers. This week on Cuppa Coffee, Ryan is joined by Susan Stroud from NoBullAg.com to break down the EPA's final Set 2 renewable fuel standard ruling, Indonesia's surprise B50 biodiesel mandate, and why the global vegetable oil market just got dangerously tight. Check out Susan's work: https://www.NoBullAg.com This week's sponsor: Agi3. Forward Protect insurance for canola. Lock in profits at https://agi3.ai/ New here? Cuppa Coffee airs live every Tuesday. Subscribe and hit the bell for weekly grain market insights for Canadian and U.S. farmers. Catch Friday's episode where Ryan asks: Am I crazy for considering buying nitrogen for 2027? ⏰ Timestamps 00:00 Morning Market Snapshot 00:41 Wheat Price Rant 02:00 Key Headlines Ahead 03:03 Prairie Gopher Control 04:02 Indonesia B50 Biodiesel 07:22 War and Market Uncertainty 08:42 USDA Acres Expectations 09:30 EPA Rule Canola Wins 14:20 Why Prices Sold Off 16:13 2028 Policy Wildcards 19:57 Bullish Cards Left 21:58 Wrap Up and Farmer Notes Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428

In episode 115 of the What The Futures Podcast, Ryan is joined by Mark and Kent from BrettYoung to discuss forage crops, including seed availability, planning timelines, and BrettYoung’s forage establishment guarantee, which offers 100% seed replacement for orders placed before April 1 in the event of natural disasters. They cover common establishment risks such as frost, wind erosion, and increasing gopher damage, and stress the importance of early planning, proper seeding depth, moisture, seed-to-soil contact, and scouting. The conversation also includes cover crop guidance (notably oats and low cereal seeding rates), fertility timing for different nutrients, and herbicide options for early weed control. They highlight BrettYoung’s forage guide and online selector tools, discuss custom versus stock blends, and note that forage seed supply varies annually by weather and production regions. 00:00 Show kickoff and agenda 00:38 Market recap and geopolitics 01:35 Farm talk and episode setup 03:01 Forage guarantee deadline 05:27 Meet Kent and Mark 06:52 Seed availability and planning 10:42 Choosing varieties and blends 13:16 Establishment and agronomy tips 19:48 Forage Guide and favorites 24:08 Plots and seed supply realities 26:50 Forages as rotation crop 29:04 Wrap up and marketing outlook

Markets are moving fast again this week — oil volatility, canola pressure, and potential biofuel policy shifts are shaping farmer decisions right now. In this Cuppa Coffee episode, Ryan breaks down what’s happening in grain markets and what it could mean for your next move. Sponsored by: ✔️ https://www.agi3.ai (Forward Protect Insurance – protect your contracts) ⏱️ TIMESTAMPS 00:00 – What’s moving markets this week 00:08 – Canola opportunities & forward contracting strategy 00:28 – Market open: canola, soybeans, wheat, corn, oil 01:30 – Weekly pattern: oil, war headlines & market reactions 02:00 – Why oil dropped (and why it matters) 03:00 – The Monday reset pattern in markets 03:30 – Geopolitics + weekend volatility explained 04:00 – Biofuel policy expectations (White House event) 04:30 – What farmers should be watching this week (Continue with Q&A section once clipped precisely) Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428

In episode 114 of the What the Futures Podcast, Ryan returns after a missed Friday show, shares community fundraising that reached $7,000 for the perinatal bereavement program at Lois Hole Hospital and the Briar Patch community preschool, and promotes the April 11 hat design contest with UPL and the Canadian Center for Agricultural Wellbeing. He talks with Steven from Simple Hedge about extreme market volatility, why biofuels have increased the correlation between energy and oilseeds, and how a crude oil move to $120 or $140 could translate through ULSD and soybean oil into higher soybean and canola prices, alongside using options for downside protection amid tough basis. Ryan then interviews Derryn of 33seven on farm continuity planning, including a five-module process, using leveraged life insurance and real estate concepts, and his advocacy to update Canada’s tax rollover rules to include nieces and nephews. Tyler Yaremchuk joins to discuss NHL trade deadline winners/losers, playoff races, and early Blue Jays outlook. Ryan closes with crop marketing takeaways and concerns about a potential canola blow-off top. 00:00 Big Oil Big Canola 00:57 Missed Episode Update 05:37 Meet Steven Simple Hedge 06:46 Wild Markets Merchant Life 11:03 Simple Hedge Tools Education 16:06 Biofuels Energy Link 18:24 Crude To Canola Math 27:48 Producer Risk Playbook 37:48 Eating Your Veggies Tips 42:28 Meet Derryn 33seven 45:46 Farm Continuity Planning 50:04 Estate Equalization Basics 50:30 Will Review Essentials 50:54 Freezes Trusts Protection 51:43 Tying The Plan Together 52:18 Why Farmers Avoid Planning 53:19 Three Core Continuity Goals 55:36 Moose Jaw Tax Buzz 56:58 Leverage Insurance Strategy 01:12:54 Wrap Up And Sponsor Read 01:14:30 Tyler Joins Hockey Talk 01:29:07 Crop Marketing Blow Off Top 01:32:32 Final Sign Off

In today’s Cuppa Coffee livestream, Ryan breaks down what’s really happening in the grain markets right now, including canola, wheat, and the role basis is playing in what farmers are actually being paid. If you’ve been watching the rally but your local bids don’t seem to match, this episode explains what’s going on and what to watch next. Sponsored by AG3, protect your contracts while staying flexible: https://agi3.ai/ Jump to what matters: 00:00 Market overview – what’s moving today 00:40 Canola price movement breakdown 01:30 Wheat and broader markets 02:15 Why prices don’t translate cleanly 04:00 Basis and cash price explanation 07:20 What farmers should be watching 10:00 Strategy moving forward Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

Grain markets are extremely volatile right now. Canola is rallying, wheat futures are climbing, but many farmers say their cash bids aren’t improving. In this episode of What the Futures, host Ryan Denis sits down with grain marketing expert Brian Comeault to break down why basis is collapsing, why canola prices are surging, and how farmers should think about selling grain during geopolitical volatility. They also discuss acreage shifts in Western Canada, barley demand, and how farmers should manage risk when markets move this fast. Topics covered - Why wheat futures are rising but cash prices lag - Canola basis strategy for the 2026 crop - How war and geopolitics distort technical trading - Grain marketing discipline during volatility - Acreage outlook for canola, barley, and pulses - Why farmers should protect downside risk Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428

In episode 113 of the What The Futures Podcast, Ryan discusses market volatility amid escalating conflict in the Middle East, with canola trading over $700/tonne and energy markets rising, and emphasizes having crop and input risk-management strategies. He shares a personal reflection on his daughter Eva’s birthday and announces a charity auction supporting the perinatal bereavement program at the Lois Hole Hospital for Women in Edmonton and the Briar Patch Community Preschool. Pro Grow Agriculture’s Maury Mli joins to discuss tightening farm budgets, using precision/variable-rate planning, and notes most farmers have fertilizer booked despite higher prices. LeftField Commodities’ Chuck Penner returns from vacation to cover Canadian acreage expectations, improved China trade for canola seed, peas and canola meal, potential Middle East shipping risks for pulses, weak new-crop bids/basis, and limited upside for canary seed. 00:00 Episode Preview and Guests 04:56 Eva’s Story and Family Week 09:02 Charity Auction for Eva 14:19 Hat Design Contest Returns 15:32 Market Sizzle and Sponsors 17:37 Interview Maury Pro Gro 29:16 Crop Mix and Input Reality Check 31:57 Crop Marketing Strategies Now 37:23 Chuck Penner Joins Fresh Off Beach 52:36 Rotation Reality Check 55:36 New Crop Contracting 58:28 Basis and Hedging Talk 01:02:17 Canary Seed Outlook 01:06:22 Workshops and Seasonals 01:10:01 Final Tips and Wrap

Canola just broke $700, but a weekend escalation in the Middle East is sending diesel and fertilizer costs through the roof. In this week's Cup of Coffee, Ryan breaks down what's moving markets and what farmers should do RIGHT NOW about fuel, urea, and canola hedging. Guest Quintin from JGL Capital joins to walk through the two hedging strategies dominating broker conversations this week: straight puts (with implied volatility still low) and selling futures with an upside insurance call. Plus: Should you fill your fuel tanks today or wait? TIMESTAMPS: 0:00 — Opening & Market Prices (Canola $703 May / $707 Nov) 2:28 — Grain Prices: $15 Canola, $9 Yellow Peas, $8.25 HRSW 4:50 — Input Prices: Diesel 97¢–$1.21/L, Urea $1,100–$1,140/ton 7:05 — Viewer Questions: Fuel timing, wheat targets, raising hedge levels 9:01 — Headlines: Brazil Soy Cut, China Tariff Drop, Strait of Hormuz 11:00 — Guest: Quinton from JGL Capital 12:40 — Are Farmer Margins Actually Getting Worse in 2026? 14:02 — Canola Rally: Why It's Holding Steady Above $700 16:40 — Two Canola Hedging Strategies Right Now (Puts vs. Futures + Call) 18:00 — Wheat Outlook: Funds Buying Back Shorts, Basis Still Brutal LINKS & RESOURCES: - JGL Capital (Quinton): https://www.jglcapital.com AGi3 Precision Insurance: https://www.agi3.ai  What The Futures Podcast: https://www.whatthefuturespodcast.ca Ryan's Email: [email protected] - Susan Stroud / No Bull Ag (referenced) AgRule Brazil Soy Production Report Quote of the week from Susan Stroud: "When markets pay you for uncertainty, take them up on it." ️ Cup of Coffee airs LIVE every Tuesday at 8:00 AM MST on YouTube. Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428

In episode 112 of the What the Futures Podcast, Ryan Denis interviews Trent Klarenbach in Camrose, Alberta as November canola approaches $700, discussing key resistance levels, whether the move is a bear-market rally, and why growers should position for both downside protection and upside potential. Ryan shares show updates, a March 1–April 11 hat design contest supporting the Canadian Center for Agricultural Wellbeing, and sponsor notes on John Deere Operations Center. The mailbag covers put options vs futures-first contracts, choosing hedge months, and how to think about percent sold when yields are uncertain, plus broker suggestions including Simpson Caputo Group, JGL Capital, and Simple Hedge. Positive moments include a successful long-dated canola target sale and a top-priced feed barley sale. Sabrina from UPL explains herbicide layering research for herbicide-resistant wild oats and highlights battalion’s multi-mode broadleaf and wild oat control. 00:00 Canola Near $700 04:54 Hat Contest Launch 08:46 Trent Interview Begins 09:48 Canola Pullback Signals 12:59 Bear Rally or Bull Turn 14:46 Market Structure and Land 17:06 Specialty Crops and Corn 19:45 Positive Moments Roundup 25:04 2027 Canola Targets 29:32 Timing New Crop Sales 34:46 Choosing a Futures Broker 48:54 UPL Products Spotlight 50:41 Eating Your Veggies 52:43 Final Sign Off

Fertilizer markets are tightening fast. In this episode of What the Future’s Podcast, Ryan Denis sits down with fertilizer expert Josh Linville to break down what farmers should expect heading into spring 2026. They cover nitrogen and phosphate supply risks, China export impacts, logistics bottlenecks, and whether a summer reset is still coming. If you haven’t secured fertilizer yet, this is a must-watch. Topics Covered: - Fertilizer supply outlook - Nitrogen and phosphate market risks - China export restrictions - Spring logistics concerns - Summer fill program expectations - Risk management strategies for farmers Like, subscribe, and share with a farmer who needs to see this. ⏱️ Timestamps 00:00 Market open & commodity check 01:00 Big fertilizer questions farmers are asking 02:00 Josh Linville joins the show 04:00 What caused the recent fertilizer chaos 08:45 Why fertilizer isn’t well hedged yet 10:30 What to do if you haven’t bought fertilizer 12:30 Will tariffs impact fertilizer prices? 17:30 Is every nitrogen form tight? 21:00 Summer reset outlook 24:00 Grain marketing reminder 25:00 Show wrap-up Follow Josh Linville on X https://x.com/JLinvilleFert Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

Episode 111 of What the Futures is a two-for-one: REAL 2026 crop marketing talk with Saskatchewan farmer Nathan Kuhn + Milano Cortina 2026 Olympics hockey/curling with Tyler Yaremchuk (Daily Faceoff / Oilersnation). If you’re staring at canola targets and wondering “sell or hold?”, this episode is for you, plus we break down the chaos in Italy as the medal rounds heat up. CHAPTERS / TIMESTAMPS 00:00 Episode 111 preview (Nathan Kuhn + Tyler Yaremchuk) 00:37 UPL studio + program talk (Smart Art Buy / Grower Rewards) + Battalion 02:10 Olympics are the “positive moment” this week 04:24 Nathan Kuhn joins (Unity, SK) 08:36 How Nathan thinks about grain marketing (targets & mindset) 12:34 Canola market run: what matters next 16:40 Wheat outlook + 2026 crop plans 20:11 Canola acres 2026 + “don’t mess around with your bread & butter” 23:37 Options/spreads/fuel + managing risk 28:50 Wrap with Nathan 29:24 Crop Marketing Made Cool Conference (Dec 1–2, 2026) 31:49 Ryan’s market watch: canola basis (-66) + why May matters 41:31 BrettYoung canola early-book bonus reminder (deadline Feb 27) 42:20 Tyler Yaremchuk joins: Milano Cortina 2026 Olympic hockey breakdown 50:48 Switch gears → curling controversy 57:23 Medal-round predictions + what to watch next 01:03:50 “Eating your veggies” (profit goals + remove emotion) 01:09:36 Lunch Box Crew spots open + wrap LINKS RYAN MENTIONS / WHERE TO FIND THINGS Ryan Denis (main): https://www.ryandenis.ca/ Lunch Box Crew: https://www.ryandenis.ca/lunch-box-crew Conference 2026: https://www.ryandenis.ca/2026-conference Podcast site: https://www.whatthefuturespodcast.ca/ Daily Faceoff on YouTube: https://www.youtube.com/@daily_faceoff Oilersnation on YouTube: https://www.youtube.com/@Oilersnationdotcom Tyler on X: https://www.x.com/tyleryaremchuk Ryan on X: https://www.x.com/Ryan_Denis_ #Canola #CropMarketing #MilanoCortina2026 Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

00:00 Market Open: Canola, Soybeans, Wheat & CAD Snapshot 01:42 Viewer Qs: Red Lentils at 24¢ and 2026 Durum Acres 02:51 Headlines Driving Ag: Middle East, China Buying, Canola Anti-Dumping Decision 04:49 Wheat Watch: Record Volume, Weather Risks & KC Wheat Setup 06:16 Guest Joins: Sarah Cache (Trigger Grain) + Prairie Mood Check 08:20 KC Wheat Strategies: Targets, Basis Plays & Don’t Sleep on 2027 Futures 09:54 Old-Crop Movement: What’s Moving (Peas/Barley) and Where Specials Are 11:01 Canola Rally Game Plan: New-Crop Risk Management Near $700 13:40 Cereals & Pulses: Oats Economics, Red Lentils Pricing, Durum Outlook 17:24 Wrap-Up: Cereal Rankings, Crush Plant Capacity, Record Deliveries & Sign-Off

In this episode of the What the Futures Podcast, host Ryan reviews the topics and strategies covered over the past month, answers listener questions from a swamped mailbag, and dives into market insights. Recorded from the UPL studio, the episode touches on important dates like the Valentine's Day reminder for farmers and the Smart Buy rewards deadline. Ryan addresses his take on the canola market, comments from previous episodes, the challenges of being bullish or bearish, and the steadying of markets. He also discusses his interactions with industry insiders, crop marketing planning, and the dynamics of pricing and sales contracts. For those interested in farming and crops, this episode offers a recap of significant discussions and actionable strategies for future farming decisions. 00:00 Introduction and Episode Overview 02:08 Market Analysis and Canola Rally 08:30 Crop Marketing Strategies 11:34 Grain Buyer Conversations 16:18 Crop Rankings and Market Trends 21:08 Farm Planning and Administration 22:58 Positive Moments: A Dad's Victory at the RV Show 28:03 Market Updates: Prices from the Prairies 29:31 Farmer Q&A: Producer Cars and Canola Contracts 36:38 Grain Marketing Strategies and Success Metrics 43:32 Wrap-Up and Final Thoughts

In this episode, we dive into the latest market moves including canola, soybeans, bean oil, spring wheat, and corn. We'll explore the impact of the USDA report, discuss the India US trade deal's effect on bean oil prices, and analyze key trends such as canola crush margins and wheat market strategies. Questions from viewers tackle topics like marketing wheat for cash flow, canola crush margins, spread markets, and selecting grain marketing advisors. Additionally, we provide tips for leveraging market information for better price discovery. Join us for in-depth agricultural market insights and strategies. 00:00 Introduction and Market Overview 00:40 USDA Report Insights 00:50 Viewer Questions and Market Analysis 01:59 Headlines and Market Trends 02:47 In-Depth Market Discussions 05:46 Canola Crush Margins 10:16 Wheat Market Strategies 13:36 Barley Market and Grain Advisors 15:56 Rapid Insights and Conclusion

In this episode of 'What The Futures Podcast,' host Ryan delves into the current state of Western Canadian grain prices, reflecting on why he's the least bearish he's been in over three years. Joined by Bret Walts from BAM Weather, they discuss February's weather trends and what farmers can expect looking forward, including the potential for a delayed start to spring. Additionally, David and Mark from Global Ag Risk Solutions share insights on various private insurance offerings and new products for 2026 to help farmers mitigate risks and make informed decisions. Tune in for essential tips on crop marketing and managing farm risk in 2026. 00:00 Introduction and Market Sentiment 00:34 Podcast Welcome and Episode Overview 09:49 Canola Market Insights 18:35 Weather Forecast with Brett Waltz 34:09 Positive Moments and Personal Updates 36:43 Insurance and Risk Management Discussion 43:20 Handling Buyouts and Claims 46:37 Data-Driven Farm Management 50:35 Challenges and Learnings from 2025 01:06:55 New Insurance Products for 2026 01:16:48 Importance of Insurance in 2026 01:23:13 Final Thoughts and Advice Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

Join us as we dive into the current movements in the grain markets in Western Canada. This episode features a special guest, John Depape, who provides insights on topics ranging from canola prices, wheat trends, soybean oil volatility, and the impact of the China tariff pause on yellow and green pea markets. We also discuss the influence of recent US-India trade deals, the implications of the upcoming StatsCan report, and the trends in fertilizer prices. Don't miss our rapid insights and answers to farmers' pressing questions. Plus, learn about DG Mobile Seed Cleaning in Central Saskatchewan. Subscribe, like, and leave a comment to support the show! 00:00 Introduction and Market Overview 00:25 Market Prices Update 01:09 Viewer Questions and Topics 02:37 Headlines and News 04:12 Guest Introduction and Discussion 07:49 Canola Basis and Futures Analysis 12:53 Final Questions and Rapid Insights 17:22 Conclusion and Sponsor Shoutout

In this episode of What The Futures Podcast, Ryan Denis breaks down 2026 crop insurance strategy, fertilizer price shocks, and canola decision-making with Lysa Porth of Ag i3. Prairie farmers face thinner margins, volatile inputs, and tougher risk decisions. This episode shows how to think through them. Links mentioned: UPL Grower Rewards Calculator: https://www.upl-ltd.com/ca Harvest Profit: https://www.harvestprofit.com What the Futures Podcast: https://whatthefuturespodcast.ca If you’re planning for 2026 margins, this episode helps you think more clearly about fertilizer risk, insurance strategy, and grain marketing under pressure. ⏰ Timestamps 00:00 Urea prices surge toward $980 02:15 UPL Grower Rewards & farm programs 06:10 New weekly livestream format explained 08:45 Barley outlook & slow grind higher 14:30 Crop rankings after yellow pea rally 18:40 Fertilizer market shock explained 22:10 Interview begins: Lysa Poth (AgI3) 25:00 Crop insurance pricing in 2026 31:00 Underinsured farms & real risk exposure 35:00 Yield vs revenue-based insurance 37:30 Forward Protect & grain contract risk 44:00 Insurance as a marketing tool 50:00 Mid-season coverage & new tech 59:00 Can insurance pay on price declines? 1:05:00 Forward contracting 2026–2027 crops 1:12:00 Canola strategy & wheat targets 1:17:30 Final thoughts & listener Q&A Listen to the show on the go. https://open.spotify.com/show/3xz7OvO7P0WDW8mAx25L1y?si=bd51356530834599 https://podcasts.apple.com/ca/podcast/what-the-futures/id1715185428 ‍ Follow on Instagram and X for more market insights. https://www.instagram.com/whatthefuturespod/ https://x.com/wtfuturespod Email Ryan: [email protected] What the Futures Podcast Website: https://www. whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://brettyoung.ca/

In this episode of 'What The Futures' hosted by Ryan, various agricultural market trends are explored. The discussion opens with questions on the canola market, addressing concerns about sales strategies amidst improving basis levels and climbing futures. The yellow pea market is analyzed next, noting a significant price increase due to China removing tariffs. Wheat market fluctuations, affected by weather events in the US, are also examined. Guest analyst Trent shares insights on canola and wheat futures, emphasizing current resistance levels and potential market pullbacks. The episode concludes with market advice on pricing strategies and highlights on new crop forecasts. Join us for an in-depth look at these critical market trends and more. 00:00 Introduction and Viewer Questions 00:01 Canola Market Analysis 00:44 Yellow Pea Market Update 01:17 Futures Market Overview 01:57 Weather Impact on Crops 02:57 South American Crop Insights 03:45 Canadian Canola Exports to China 04:35 Guest Analyst Discussion 08:21 Wheat Market Trends 10:53 Final Thoughts and Wrap-Up

Soybean oil is ripping higher and canola is catching a bid — but the real driver is US biofuel policy. In Episode 107, Ryan Denis is joined by Susan Stroud (No Bull Ag) to break down the new 45Z changes, what’s set in stone, and what we’re still waiting on from the EPA’s 2026–27 RVO mandates. If you’re marketing canola in Canada (or soybeans in the US), this is the clearest explanation of what’s moving veg oils right now — and what could change fast. Links mentioned: Join Ryan’s email list: https://www.whatthefuturespodcast.ca/ Susan Stroud’s market insights: https://nobullag.com/ (see “Market Insights”) UPL Grower Rewards: https://www.uplcorp.com/ca/grower-rewards

In this episode, host Ryan welcomes Chuck Penner, Trent Klarenbach, and Brian Comeault for episode 105 of the What The Futures Podcast. The discussion primarily focuses on 2026 crop marketing strategies, with special insights from multiple guests on the future outlook of commodities, trade impacts, and market dynamics. The contributors share their views on how farmers can navigate the crop market in the coming year. Tyler Yaremchuk also joins for a segment discussing NFL playoff previews and NHL midpoint reviews. Additionally, the episode covers useful tips for farmers on inventory management, setting cash flow, and more efficient crop marketing techniques through tools like Harvest Profit. 00:00 Welcome Back to the What The Futures Podcast! 00:38 Holiday Recap and Studio Updates 03:45 New Year, New Goals: 2026 Vision 08:52 Special Guests and Crop Marketing Insights 11:59 In-Depth Discussion with Chuck Penner 33:11 Challenges in Barley and Malt Pricing 33:39 Year-Over-Year Changes in Crop Acreage 34:29 Market Dynamics and Price Movements 36:48 Advice for Farmers in 2026 38:30 Upcoming Workshops and Events 40:53 Interview with Trent Klarenbach 42:32 Market Outlook for 2026 49:47 Energy and Fertilizer Market Trends 52:54 Global Market Influences and Predictions 01:02:37 Interview with Brian Comeault 01:12:21 Market Structure and Opportunities 01:13:45 Canadian Wheat and Canola Insights 01:15:06 Grain Selling Strategies 01:15:48 Global Market Influences 01:18:47 Future Market Predictions 01:25:46 NFL and NHL Updates 01:41:31 Crop Marketing and Planning for 2026