What the Futures!

Can canola prices move higher, or is another pullback coming? And what should farmers be watching as they make crop marketing and input purchasing decisions heading into 2027?

On Episode 149 of What The Futures, Ryan Denis welcomes back Trent Klarenbach of Klarenbach Research to break down the latest technical signals in the agricultural commodity markets. From canola and wheat to specialty crops, fertilizer prices, crude oil and interest rates, this conversation explores the short-term, medium-term and long-term market outlook farmers need to consider.

Trent shares his technical analysis of the markets, explaining why the outlook can look very different depending on your timeframe. While longer-term opportunities remain on the radar, near-term price volatility and potential pullbacks mean farmers need to be thoughtful about their marketing decisions.

Ryan and Trent also discuss how to approach selling canola while managing the marketing of grade-sensitive crops like durum and large green lentils. With harvest results varying across Western Canada, knowing when to generate cash flow, when to wait for better pricing opportunities, and how to manage risk is more important than ever.

They also dig into the potential impact of geopolitical uncertainty, crude oil prices, rising interest rates and fertilizer costs on farm profitability heading into the 2027 crop year.

In this episode, we cover:

- Canola price forecasts and key technical levels to watch
- Short-term versus long-term grain market outlooks
- Potential price pullbacks and opportunities for a rally
- Specialty crop marketing strategies for durum and lentils
- Managing cash flow while waiting for better crop prices
- How geopolitical tensions and crude oil could influence agricultural markets
- Fertilizer prices, input purchasing decisions and farm risk management
- Interest rates and the broader economic outlook
- New market analysis tools from Clare Back Research

Plus, Ryan shares an update on the upcoming Crop Marketing Made Cool Conference in Brandon, Manitoba, and what's ahead for What The Futures as the show approaches Episode 150.

If you're a farmer looking to improve your grain marketing strategy, understand commodity market trends and make better selling decisions for 2027, this episode is for you.

Connect with Trent Klarenbach 
Explore Clare Back Research for technical analysis, market charts and trading signals.

Crop Marketing Made Cool Conference
📍 Brandon, Manitoba
📅 December 1–2, 2026
Plan your 2027 crop marketing strategy and learn from farmers and industry experts.

Subscribe to What The Futures for practical crop marketing conversations, grain market analysis and insights to help you make better farming decisions.

00:00 – Grain Market Outlook: Can Prices Move Higher Into 2027?
01:57 – What’s Changing for What The Futures?
06:33 – Trent Clare Returns for Episode 149
08:49 – Crop Marketing Made Cool: Conference Update
13:33 – Harvest Progress Across Western Canada
14:50 – Are Grain Markets Turning More Bullish?
15:56 – Canola and Wheat: Short-Term vs. Long-Term Price Outlook
17:15 – Specialty Crop Prices and Marketing Opportunities
18:28 – Selling Canola While Waiting on Durum and Lentils
21:26 – Canola Price Forecast: Key Levels to Watch
23:07 – Canola Technical Analysis and Potential Downside Risk
24:38 – Crude Oil, Geopolitics and the Impact on Grain Prices
27:04 – Interest Rates, Economic Uncertainty and Farm Finances
27:51 – Fertilizer Prices and 2027 Input Purchasing Decisions
31:39 – Clare Back Research: New Market Charts and Signals
32:53 – Clare Back Research Birthday Flash Sale
35:20 – Why Farmers Need Different Market Perspectives
36:03 – What’s Next for What The Futures?

#WhatTheFutures #GrainMarketing #CanolaPrices #CropMarketing #GrainMarkets #FarmManagement #Agriculture

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Are fertilizer prices going to get even more expensive heading into the 2027 growing season? And with crop prices starting to soften, should Western Canadian farmers be locking in fertilizer and grain prices now — or waiting for a better opportunity?

On Episode 148 of What The Futures, Ryan Denis breaks down the latest grain market trends, crop marketing opportunities, and fertilizer price outlook before sitting down with James Mitchell from Crop Management Network for an in-depth conversation about fertilizer markets heading into fall 2026.

With global fertilizer supply under pressure, higher freight costs, a weaker Canadian dollar, and uncertainty surrounding international trade and shipping routes, the decisions farmers make this fall could have a major impact on next year's profitability.

Ryan and James discuss the factors driving nitrogen, urea, phosphate, potash, and sulfur prices, why fertilizer costs may remain elevated, and whether farmers should start purchasing fertilizer for the 2027 crop. They also explore the relationship between grain prices and fertilizer demand, canola acreage expectations, and the risks of waiting too long for fertilizer prices to come down.

Ryan also shares his latest crop marketing outlook, including some surprising cash grain prices across the Prairies. With yellow peas trading around $10.25/bushel in Alberta, maple peas near $11, oats at $4.50, and opportunities emerging in durum, wheat, and barley, farmers may have more marketing options than the headlines suggest.

The key message? Know your numbers, check your local bids, protect profitable margins, and have a plan for 2027. Waiting for the perfect price can be costly, but making informed decisions based on your farm's profitability can help you manage risk in an unpredictable market.

Grain prices are moving higher, yellow peas are pushing toward $10/bushel, and farmers across the Prairies have some important crop marketing decisions to make. 

In Episode 147 of What The Futures, Ryan Denis breaks down the latest grain market opportunities, discusses how to protect your value when dealing with grain buyers, and sits down with Mike Murphy of AG 360 to explore how AI and technology are changing the future of farming.

First, Ryan is joined by Sarah Cochet with Trigger to discuss hard red spring wheat spreads, No. 3 wheat discounts, and what happens when a farmer locks in a grain contract spread only to face resistance from the buyer at delivery. They dig into the importance of understanding elevator spreads, checking contract terms, and negotiating to protect your bottom line.

Ryan also reviews the latest crop marketing opportunities across Western Canada, including yellow peas approaching $10/bushel, flax bids reaching $18/bushel, hard red spring wheat prices nearing $10/bushel in parts of Saskatchewan, durum opportunities, and malt barley prices. He also shares his thoughts on wheat futures, basis improvements, and preparing a crop marketing strategy for the 2027 growing season.

Then, Mike Murphy joins the show to explain AG 360, an agricultural technology platform designed to bring farm data, equipment information, grain marketing, and farm management tools together in one place. They discuss how artificial intelligence can help farmers make better decisions, reduce time spent on spreadsheets, improve efficiency, and take emotion out of crop marketing decisions.

In this episode, you'll learn about:

- Yellow pea prices and the opportunity to capture stronger bids
- Hard red spring wheat spreads and No. 3 wheat discounts
- Grain contract negotiations and protecting your value at delivery
- How to compare elevator bids and challenge questionable grading discounts
- Current flax, wheat, durum, and malt barley price opportunities
- Wheat futures, basis gains, and crop marketing strategy
- AG 360 and the future of farm management technology
- How AI can support farmers and crop marketers without replacing them
- Building crop power rankings and planning profitability for 2027

Whether you're growing wheat, peas, flax, durum, or barley, this episode of What The Futures offers practical crop marketing insights to help you evaluate bids, negotiate grain contracts, and make more informed farm business decisions.

Subscribe to What The Futures for weekly grain market updates, Canadian agriculture news, crop marketing strategies, commodity price discussions, and practical advice for farmers across the Prairies and Northern Plains.

00:00 – Yellow Peas Hit $10: Grain Market Highlights
01:09 – Welcome to What The Futures
16:16 – Hard Red Spring Wheat Spreads and Grain Discounts
18:04 – The $10 Yellow Pea Opportunity
20:04 – No. 3 Wheat Discounts: What Farmers Need to Know
22:09 – Grain Contract Spreads and Delivery Disputes
24:45 – Comparing Elevator Spreads and Protecting Your Grain Value
31:54 – Song of the Week and Positive Moments
41:00 – Wheat Futures, Basis Gains and Crop Marketing Strategy
44:39 – Mike Murphy Joins: Introducing AG 360
47:03 – Why Farmers Need Better Agricultural Technology
49:53 – Streamlining Grain Marketing and Farm Management
57:12 – How AI Can Help Farmers Make Better Decisions
01:07:13 – Will AI Replace Crop Marketers?
01:15:04 – Yellow Peas, Flax and Current Grain Prices
01:16:19 – $18 Flax and Spring Wheat Near $10
01:18:18 – Malt Barley and Crop Planning for 2027
01:20:01 – No. 3 Wheat: Negotiating Better Grain Deals
01:22:33 – Final Crop Marketing Advice

#WhatTheFutures #GrainMarketing #GrainPrices #CropMarketing #CanadianAgriculture #WheatPrices #YellowPeas #FarmManagement #AgTech #ArtificialIntelligence

🎧 Listen to the show on the go.

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🧑🏼‍🌾 Follow on Instagram and X for more market insights.

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Email Ryan: [email protected]

What the Futures Podcast Website: https://www. whatthefuturespodcast.ca

Thanks to our Sponsors :

John Deere:
https://operationscenter.deere.com/

UPL:
https://www.uplcorp.com/

00:00 – Spring Wheat Discounts & Harvest 2026

03:17 – High Diesel Prices Are Hurting Farm Margins

05:50 – What Farmers Need to Know About Wheat Discounts

16:27 – Interest Rates, the U.S. Dollar & Ag Markets

18:43 – StatsCan Crop Production Numbers Explained

22:48 – Lentils & Oats: Where Are Prices Headed?

27:07 – Spring Wheat Discounts Across Grain Buyers

30:59 – Why Number 3 Wheat Discounts Matter

33:54 – Should Farmers Get an Independent Grain Grade?

37:03 – Derryn Shrosbree & FarmStrong

43:03 – Managing Uncertainty in Farm Decision-Making

46:44 – Farm Succession & Planning for the Next Generation

50:49 – Harvesting the City & Connecting Canadian Farmers

55:48 – Current Grain Prices & Basis Movement

58:12 – Harvest 2026: Negotiation & Marketing Strategy

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: [email protected]

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/

Fertilizer markets remain volatile, but are current urea prices an opportunity for farmers to start locking in their 2027 needs?

On Episode 140 of the What The Futures Podcast, Ryan Denis is joined by fertilizer market expert Josh Linville to break down what’s happening in global fertilizer markets and what it could mean for farmers heading into 2027.

Ryan recently had a second chance to lock in urea at a price established back in June — roughly $75/tonne below comparable current offers. Was buying it the right move?

Josh explains why urea prices have been moving so aggressively, how China’s return to the export market is affecting global supply, and why India, Brazil and geopolitical uncertainty around the Strait of Hormuz continue to create major volatility. They also discuss phosphate markets, global sulfur supply, the new CME urea futures contract and whether farmers should consider locking in fertilizer for 2027.

Plus, Ryan dives into the grain markets as harvest gets underway. Canola and wheat basis levels are beginning to improve, futures are moving higher, and buyers are showing more interest. Could the crop marketing environment be shifting from defensive to bullish?

In this episode: - Should farmers buy urea and fertilizer for 2027? - Josh Linville’s outlook for fertilizer prices - Why China’s fertilizer exports matter - India’s impact on global urea demand - Strait of Hormuz and global fertilizer supply risks - Phosphate and sulfur supply concerns - Using CME urea futures as a risk-management tool - Canola and wheat basis improvement - Why farmers should shop grain bids between elevators - Negotiating better canola basis levels - Third-party grain grading during harvest - Crop marketing strategies for the 2026 harvest

Subscribe to What The Futures for weekly conversations about crop marketing, grain prices, fertilizer markets and better farm business decisions. #Fertilizer #Urea #CropMarketing #Canola #GrainMarkets #Farming #Agriculture #CanadianAgriculture #Wheat #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/

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Email Ryan: [email protected]

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/