Episode
Seasonals, Wheat/Canola Pricing Windows & Planting Progress (w/ Chuck Penner)
- Podcast
- What the Futures!
- Published
- May 6, 2026
- Duration seconds
- 1386
- Processing state
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Summary
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