The Desk: Grains, Oilseeds & Macro Intelligence

Spring Wheat Note: Part 1 (June 2026)

Early seeding worries are over as Prairie growers wrap up wheat planting, triggering a mix of new-crop farmer hedging & spec fund liquidation that bled $1.00/bu off the board. However, with old-crop supplies seasonally tight & the Loonie sitting flat at long-term support, farmers have

2026 Western Canada Seeding Progress: Week 21

Hormuz is a Duration Trap for Global Agriculture

A Prince Rupert’s drop looks invincible: hammer the bulbous head and it barely flinches. Snap the thin tail and the whole thing shatters into powder. In 2026, global food security is drifting toward the tail. From a distance, the agricultural system still appears resilient. Grain stocks are stable and