US CoF reported as of Dec 1, ‘25, on feed 2% lower YoY. Placements 11% lower vs trade @ 8% lower. Marketing’s 12% lower in line with trade. Deemed supportive to cash, wholesale trade & deferred contracts. AB dressed steady / $2 higher WoW vs E CND $10 to $20 cwt higher WoW

Wishing you & yours a Merry Christmas & prosperous New Year! Give yourself peace of mind navigating grain markets in ‘26. Challenges aren’t going away. Rising inputs, uncertainty, lower margins, volatility, all create anxiety. Manage stress, returns & profitability. Let’s talk

Consider, prudent, profitable decisions start with trusted, experienced interpretation of relevant information leading to implementation of successful strategies. Dec 16, CoT intelligent interpretation leads to successful decisions. Let’s talk

Bit out of context, bit politicalized but the message is clear & holds merit. Resilience beats protectionism. Glad to see not everyone is duped by dubious tariff logic. Canada’s Rail Network Is Undermining US Control youtu.be/Wflu5gogKeo?si… via YouTube

Best wishes for a joyful, prosperous & healthy New Year with low volatility & peace of mind. May the season bring timely rains, warm sunshine, bountiful harvest and abundant rewards for your efforts.

The albatross hanging over the CND 🇨🇦 canola market. MAGA morphing into AF sasktoday.ca/agriculture/us…

☀️🌈🦄 Exclusive: Chinese importer buys Canadian canola, denting Australian export hopes reuters.com/world/asia-pac…

🇨🇦 🇨🇳negotiated tariff details reveal CND canola Chinese tariffs reduced for a 10 month period beginning in March while Chinese access to limited CND EV market for 5 years. ctvnews.ca/politics/artic…

USDA CoF Friday reported on feed 3% lower, Placements 5% lower, Marketed 2% higher YoY. Deemed interim friendly LC & bullish for deferred FC contracts.

CND 🇨🇦 should embrace every opportunity pivoting trade where its goods are needed. Seemingly as the EU looks to phase out damaging soy biofuels a CND canola opportunity exists. EU to phase out damaging soy biofuels transportenvironment.org/articles/eu-to…

StatCan reports 1st emergence of CND 🇨🇦 beef herd expansion since 2018 @ 11.1Mhd (vs 10.9Mhd) 2.5% higher YoY. Beef heifers for breeding +4.8%, beef cows +1.9%. Not the end of the firm values. Let’s talk.

Louis Dreyfus Co. (LDC) initiates commissioning of its new pea 🫛 protein isolate facility at Yorkton, Saskatchewan, CND., 🇨🇦 world-grain.com/articles/22478…

North Africa’s big durum crop could limit demand vist.ly/4xhjh #cdnag #westcdnag

Durum wheat outlook appears challenging. Morocco, Tunisia, Türkiye & Italy all have higher VHI’s YoY suggesting a higher probability of limited import demand for CND durum exports. producer.com/crops/north-af…

Morocco’s April 1, ‘26 VHI YoY compared to ‘25. Tunisia’s VHI same comparison

Recent moisture events have improved mapped conditions. Soil moisture maps are of interest.

US WW condition deteriorates to 30% G2Ex as of 4 19, ‘26 vs 34% WoW vs 45% YoY. KANSAS NDVI satellite imagery as of 4 15, shows a more challenged veg health index YoY. HRSW Dec chart 📈 Have a strategy to harness volatility to work for you? Let’s talk.

USDA working to improved WASDE reporting. Seek to increased sample size for 06 ‘26 farmer survey by 35% & 10% for 09, 12 ‘’26 & 03 ‘27 reports. 🙏 Great strategies need great data to make informed decisions. brownfieldagnews.com/news/vaden-usd…

StatsCan industrial product price index March >2.4% MoM vs 7.8% YoY Raw materials price index >12% higher MoM vs 23.6% YoY. Energy price products up 27.4% for 3rd month in Mar. Values essentially the initial canary in the coal mine for inflation. Impact on margins? 🤔

EU crop conditions remain favorable. April EU MARS reports winter crops generally developing under fair conditions. Spring seeding advances across the region. Moisture deficits in central, northern and eastern EU raise concern though interim remain’s sufficient.