Episode Details
Back to EpisodesMiddle East Conflict, Fertilizer Costs & 2026 Acreage Outlook | Chuck Penner
Description
In episode 113 of the What The Futures Podcast, Ryan discusses market volatility amid escalating conflict in the Middle East, with canola trading over $700/tonne and energy markets rising, and emphasizes having crop and input risk-management strategies. He shares a personal reflection on his daughter Eva’s birthday and announces a charity auction supporting the perinatal bereavement program at the Lois Hole Hospital for Women in Edmonton and the Briar Patch Community Preschool. Pro Grow Agriculture’s Maury Mli joins to discuss tightening farm budgets, using precision/variable-rate planning, and notes most farmers have fertilizer booked despite higher prices. LeftField Commodities’ Chuck Penner returns from vacation to cover Canadian acreage expectations, improved China trade for canola seed, peas and canola meal, potential Middle East shipping risks for pulses, weak new-crop bids/basis, and limited upside for canary seed.
00:00 Episode Preview and Guests
04:56 Eva’s Story and Family Week
09:02 Charity Auction for Eva
14:19 Hat Design Contest Returns
15:32 Market Sizzle and Sponsors
17:37 Interview Maury Pro Gro
29:16 Crop Mix and Input Reality Check
31:57 Crop Marketing Strategies Now
37:23 Chuck Penner Joins Fresh Off Beach
52:36 Rotation Reality Check
55:36 New Crop Contracting
58:28 Basis and Hedging Talk
01:02:17 Canary Seed Outlook
01:06:22 Workshops and Seasonals
01:10:01 Final Tips and Wrap