# June 2 Grain Update: Canola $780 & Wheat Basis

Page: https://stenobird.com/podcast/what-the-futures-6675524/june-2-grain-update-canola-780-wheat-basis
Text version: https://stenobird.com/podcast/what-the-futures-6675524/june-2-grain-update-canola-780-wheat-basis.md
Podcast: [What the Futures!](https://stenobird.com/podcast/what-the-futures-6675524)
Published: 2026-06-02T19:23:47+00:00
Episode link: https://what-the-futures.castos.com/episodes/june-2-grain-update-canola-780-wheat-basis
Audio file: https://episodes.castos.com/651d8de9cb8027-48221946/2481831/c1e-mr5onu4j82mikjx7p-qdpqx7z1hd92-0zkhgw.mp3
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JSON: https://stenobird.com/v1/public/podcasts/what-the-futures-6675524/episodes/june-2-grain-update-canola-780-wheat-basis
Duration seconds: 1528

## Resource

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:ryan@whatthefuturespodcast.ca #GrainMarkets #Canola #WheatBasis

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