What the Futures!

Are grain merchants starting to feel the pressure as Harvest 2026 gets underway? In Episode 143 of the What The Futures Podcast, Ryan breaks down some major developments happening across the Western Canadian grain market, including a significant weather event across the Prairies, harvest delays, grain quality concerns, changing basis levels and what it could mean for farmers and grain buyers. We also sit down with Cody McNernie from O&T Farms to discuss the flax market, pulse markets, specialty crop purchasing, forward contracting and the relationship between farmers and processors. Cody explains how O&T Farms works directly with Prairie farmers to source flax and pulses for its value-added feed ingredient business. Later, Brian Comeault from Canadian Agriculture Markets joins the show to break down the latest StatsCan grain stocks and supply-and-demand numbers, including surprisingly tight canola ending stocks, heavier supplies of some pulse crops and what the data could mean for grain prices heading into the coming months. Brian also shares his outlook on a potential grain market correction, why farmers should expect corrections rather than fear them, and why the fundamentals could still look promising heading into late winter and spring 2027. 🌾 In This Episode: 00:00 Harvest 2026 Grain Market Update 08:39 Cody McNerney Joins the Show | Flax & Pulse Markets 12:15 How Processors Buy Directly From Farmers 15:51 Why Forward Contracting Flax Is Becoming More Popular 18:29 Flax Varieties & What Processors Are Looking For 22:08 Flax & Pulse Price Outlook 25:27 Crop Marketing Made Cool Conference & Farmer Opportunity 37:40 Grain Merchants Are Back on the Ropes? 41:04 Should Farmers Hold Their Best Quality Grain? 42:26 Third-Party Grain Grading & Harvest Quality 46:37 Brian Comeau Joins the Show | Harvest & StatsCan 51:36 Durum, Wheat Premiums & Farmer Negotiating Power 54:53 StatsCan Grain Stocks: What Stands Out? 55:41 Tight Canola Stocks & the Canola Market Outlook 58:25 Lentils, Peas & Oats: What's the Outlook? 59:59 U.S. Drought, Winter Wheat & Bullish Market Factors 1:02:22 Is a Grain Market Correction Coming? 1:08:21 Yellow Peas, Wheat & Durum Prices Moving Higher 1:10:11 Grain Discounts, Quality & Negotiating With Buyers 1:12:36 Final Thoughts: Stay Sharp This Harvest If you're a Canadian grain farmer, Prairie producer or agricultural professional, this episode covers some of the biggest issues facing grain producers right now — from canola prices and wheat markets to grain quality, basis, StatsCan stocks, harvest delays and crop marketing strategy. Topics Covered: - Canola prices and ending stocks - Wheat prices and spring wheat premiums - Durum prices and grain demand - Yellow peas and lentil markets - Flax prices and specialty crops - Grain merchant demand - Harvest 2026 weather challenges - Grain quality and third-party grading - StatsCan grain stocks - Grain basis and negotiating better prices - Forward contracting - Grain marketing strategy - Potential market corrections - 2027 grain market outlook Are farmers gaining leverage over grain merchants? And should you be holding your best-quality grain this harvest? Let us know what you're seeing in your area. Subscribe to What The Futures for weekly grain market analysis, commodity price outlooks, crop marketing strategies and conversations with farmers and agriculture industry experts across Western Canada. #GrainMarketing #Canola #Wheat #GrainMarkets #Farming #Agriculture #Harvest2026 #CanadianAgriculture #CanolaPrices #WheatPrices #Durum #Flax #Peas #CommodityMarkets #WhatTheFutures 🎧 Listen to the show on the go.

Are grain merchants finally on the ropes in Western Canada? As Harvest 2026 moves along, we're seeing some interesting changes in the grain market — including stronger bids, farmers holding back grain, changing basis levels and merchants competing for bushels. In Episode 142 of the What The Futures Podcast, Ryan breaks down what's happening across the Western Canadian grain market, including wheat, yellow peas and canola, and why farmers may have more leverage than they realize. We also look at grain marketing strategy, basis levels, futures contracts, harvest prices and cash flow, including why farmers need to be careful about simply accepting the posted price from a grain company. Then, Greg Stamp joins the podcast for a deep dive into fall-seeded crops. We discuss winter wheat, hybrid rye, fall seeding windows, yield potential, crop margins, new varieties and why fall crops could become an increasingly important part of a farmer's 2027 cropping and marketing strategy. 🌾 In This Episode: 00:00 Are Grain Merchants on the Ropes? 05:40 Grain Contracts & Marketing Risks 07:33 The Problem With Futures-First Contracts 15:30 John Deere's New AI Farm Technology 16:50 Wheat Market Outlook: Is Another Rally Coming? 21:04 Are Farmers Gaining the Upper Hand? 22:17 Yellow Peas & Negotiating Better Prices 24:39 Harvest Challenges, Quality & Grain Supply 26:39 Greg Stamp Joins the Show 29:20 Fall Crop Seeding: Is Now the Time? 31:18 Winter Wheat: Big Margin Potential? 33:11 Winter Wheat & Hybrid Rye Yield Potential 37:39 Faba Beans: New Processing Opportunities 40:19 Best Crops & Strategies for 2027 50:49 The Truth About Posted Basis Prices 53:29 Cash Flow, Grain Marketing & Rewarding a Rally 🌾 What We Cover If you're a Canadian grain farmer, Prairie producer or agricultural professional, this episode is packed with practical ideas for navigating Harvest 2026, managing cash flow and making better grain marketing decisions. We cover: - Wheat prices and grain market outlook - Canola prices and basis - Yellow pea prices - Grain contracts and futures-first contracts - How to negotiate with grain merchants - Posted basis vs. actual achievable basis - Grain storage and harvest marketing - Winter wheat - Hybrid rye - Fall-seeded crops - Crop margins and profitability - Faba beans and new processing demand - 2027 crop planning - Cash flow management - Grain marketing strategies for a potential commodity rally Are grain merchants really on the ropes? And what are you selling, holding or planting this fall? Let us know in the comments! Subscribe to What The Futures for weekly grain market analysis, commodity price outlooks, crop marketing strategies and conversations with farmers and agriculture industry experts across Western Canada. #GrainMarketing #GrainMarkets #Canola #Wheat #Farming #Agriculture #Harvest2026 #CanadianAgriculture #WheatPrices #CanolaPrices #WinterWheat #HybridRye #Farmers #CommodityMarkets #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: ryan@whatthefuturespodcast.ca 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/

Ryan Denis website, email list, Lunchbox Crew and conference: https://www.ryandenis.ca/ Join the What the Futures Insiders private podcast: Email ryan@whatthefuturespodcast.ca Crop Marketing Made Cool Conference: December 1–2, Brandon, Manitoba Use code UNHINGED to save $100.

This week, I share how one fuel decision saved our farm more than $27,000 and why it pays to look beyond the normal stuff when managing your cost of production. I’m also joined by Alex Schoch from John Deere to talk about precision upgrades that can bring newer technology to equipment already sitting in your shed. Then, Saskatchewan Pulse Growers Chair Stu Lawrence joins me for a wide-ranging conversation about pulse production, global competition, trade with India and China, and what all of it could mean for Canadian growers. Plus, we look at navigating a quiet August market, preparing for harvest pressure, and making sales based on your own cash flow and storage needs. The best part? ....fun stories from the lemonade stand. Hit PLAY and join me in the UPL studio!

Ryan Denis website, email list, Lunchbox Crew and conference: https://www.ryandenis.ca/ Join the What the Futures Insiders private podcast: Email ryan@whatthefuturespodcast.ca Crop Marketing Made Cool Conference: December 1–2, Brandon, Manitoba Use code UNHINGED to save $100.

Canola futures have fallen about $50 per tonne from the recent high, spring wheat has failed again near $7.50, and harvest basis opportunities are beginning to appear across the Prairies. In What the Futures Podcast Episode 136, Ryan Denis breaks down canola, wheat, barley and oat marketing, then talks August and harvest weather with Bret Walts of BAM Weather, Brett Young canola hybrids with Kyle Slobodian, and John Deere 8R and 9RX tractors with Carlton Self. The episode also covers El Niño, hail risk, harvest lows and practical cash-flow decisions. Ryan Denis website, email list, Lunchbox Crew and conference: https://www.ryandenis.ca/ Join the What the Futures Insiders private podcast: Email ryan@whatthefuturespodcast.ca Crop Marketing Made Cool Conference: December 1–2, Brandon, Manitoba Use code UNHINGED to save $100.

On this episode of Cuppa Coffee from What the Futures , Ryan Denis and Brian Comeault break down the grain-market pullback and the marketing decisions farmers face before harvest. They cover canola prices, wheat hedging, malt barley demand, oats, yellow peas, crop conditions, market carry and strategies for protecting a price floor while retaining upside. Brownlee’s Ag Tech: https://www.brownlees.ca LINKS & RESOURCES ► Subscribe to What the Futures on YouTube: https://www.youtube.com/@whatthefutures ► What the Futures Podcast: https://www.whatthefuturespodcast.ca/ ► Listen to What the Futures: https://what-the-futures.castos.com/ ► Ryan Denis: https://www.ryandenis.ca/ ► Ryan Denis on LinkedIn: https://ca.linkedin.com/in/ryan-denis-143322121 ► John Deere Canada: https://www.deere.ca/en/agriculture/

On this episode of Cuppa Coffee from What the Futures Podcast , Ryan Denis opens with canola, soybeans, corn and wheat before joining Ben Zelle of John Deere live at Ag in Motion. They break down the new C1450T and C1100T air carts, including the 1,460-bushel capacity, five-tank design, faster conveyor filling, Easy Lift, AccuRate meters, EasyCal, JDLink logistics, blockage detection and retrofit options. LINKS & RESOURCES ► Subscribe to What the Futures on YouTube: https://www.youtube.com/@whatthefutures ► What the Futures Podcast: https://www.whatthefuturespodcast.ca/ ► Listen to What the Futures: https://what-the-futures.castos.com/ ► Ryan Denis: https://www.ryandenis.ca/ ► Ryan Denis on LinkedIn: https://ca.linkedin.com/in/ryan-denis-143322121 ► Ag in Motion: https://aginmotion.ca/ ► John Deere Canada: https://www.deere.ca/en/agriculture/

Ryan Denis examines whether spring wheat could reach $12 per bushel, how geopolitical events are affecting wheat futures, and why farmers should prepare to use the current pricing opportunity. Eric Dick and Lloyd Dick of Brett Young also join What the Futures Podcast to discuss succession planning, business growth, canola, tariffs, risk management, and leadership in Canadian agriculture. LINKS MENTIONED IN THIS EPISODE Join Ryan’s email list: https://www.ryandenis.ca/subscribe Crop Marketing Made Cool Conference: https://www.ryandenis.ca/2026-conference What the Futures Podcast: https://www.whatthefuturespodcast.ca/ Subscribe on YouTube: https://www.youtube.com/@whatthefutures Contact Ryan: [ryan@whatthefuturespodcast.ca](mailto:ryan@whatthefuturespodcast.ca) BrettYoung: https://www.brettyoung.ca/ Bill & Reg Lawn Company: https://www.billandreg.ca/ Ag in Motion: https://www.aginmotion.ca/ Canadian Centre for Agricultural Wellbeing: https://www.ccaw.ca/ National Farmer Crisis Line: https://www.ccaw.ca/national-farmer-crisis_line/ 1-866-FARMS-01 UPL Canada: https://www.upl-ltd.com/ca Western Ag PRS Cropcaster: https://www.westernag.ca/professionalagronomy/PRSCropcaster/tool Kali Dyck Foundation: https://brettyoung.ca/kali-dyck-foundation-donates-50k-for-autism-supports/

On this Tuesday’s Cuppa Coffee from What the Futures Podcast , Ryan Denis and guest Chuck compare drowned-out Prairie acres with strong crop potential and explain what that split could mean for canola, wheat, peas, and lentils. They also discuss canola near $786, improving crush basis, rising urea prices, European heat, 2027 spring wheat, and China’s pea starch tariff. Brownlee’s Ag Tech and the Full Bin Sensor 2: https://www.brownlees.ca ️ CROP MARKETING MADE COOL: UNHINGED 2026 Build your 2027 crop marketing plan alongside Ryan Denis and other progressive farmers, December 1–2 in Brandon, Manitoba. Register here: https://www.ryandenis.ca/2026-conference STAY IN THE LOOP Get weekly updates, upcoming events, contests, and giveaways: https://www.ryandenis.ca/subscribe MORE FROM RYAN DENIS Website: https://www.ryandenis.ca/ What the Futures Podcast: https://www.whatthefuturespodcast.ca/ Instagram: https://www.instagram.com/whatthefuturespod X: https://x.com/wtfuturespod LinkedIn: https://www.linkedin.com/company/what-the-futures-podcast/ ☕ WATCH CUPPA COFFEE LIVE Subscribe and join Cuppa Coffee every Tuesday at 8:00 AM MST: https://www.youtube.com/@whatthefutures MENTIONED IN THIS EPISODE Brownlee’s Ag Tech and the Full Bin Sensor 2: https://www.brownlees.ca

Ryan Denis breaks down the July crop marketing decision as canola jumps, basis improves, and Prairie crop conditions remain uneven. Ryan talks through when undersold farms may need to catch up, why being on plan may mean no action, plus wheat basis, smaller-acre crops, Ag in Motion, and Crop Marketing Made Cool. Ryan Denis / Crop Marketing Made Cool Conference: https://www.ryandenis.ca/ Farm Help Line: 1-866-FARMS-01 Contact Ryan: ryan@whatthefuturespodcast.ca

This week Ryan Denis is joined by Allison Thompson (The Money Farm) to break down one of the biggest market shifts we’ve seen in weeks. Topics include: China returning to the soybean market • US crop conditions • Weather risks across North America • Canola marketing strategy • Spring wheat outlook • Crop insurance decisions • Should you sell canola now? • Wheat basis opportunities If you’re making grain marketing decisions this summer, this is one episode you don’t want to miss. Tell us in the comments: Are you selling grain here or waiting for higher prices?

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

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 Comeault Host: Ryan Denis, What the Futures Podcast Sponsored by Land for Rent: https://www.landforrent.com/ Ryan Denis / Strategy Session: https://www.ryandenis.ca/

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/

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: ryan@whatthefuturespodcast.ca What the Futures Podcast Website: https://www.whatthefuturespodcast.ca Thanks to our Sponsors John Deere https://www.operationscenter.deere.com/ UPL https://www.uplcorp.com/ BrettYoung https://www.brettyoung.ca/

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: ryan@whatthefuturespodcast.ca