WansteadGrain

According to #OntAg - about 43% of Ontario's soybeans have been planted and 71% of corn planted as of Sunday evening - May 17th, 2026. Thank you for your participation, will poll again. Full report available at: cropwalker.ca/the-cropwalker…

Where does the opportunity for $17B of non-soy ag exports to #China lie? Below is a look at the breakdown by category over the span of 2021-23, during which non-soy ag exports averaged a similar ~$17.5B. It's also worth pointing out how anomalous this stretch was; the average non-soy ag export value from 2010-2020 was only $8.7B, and 2025 fell to $5.3B (check out my graphic from yesterday). Bottom line: it's possible, but the path likely requires a broad-based increase across multiple categories rather than one single commodity carrying the load. #oatt #corn #soybeans #cotton

China has agreed to buy at least $17 billlion of US ag products annually through 2028. This does not include the 25 MMT of soybeans they agreed to buy. Which would add another $10-11 billion. For a total of $27-28 billion. Past US Ag Exports to China: 2025: $8.3 billion 2024: $27 billion 2023: $34 billion 2022: $41 billion 2021: $39 billion No specific products were mentioned.

🇺🇸The U.S. in 2026 is set to harvest the smallest wheat crop in 54 years. Weather has challenged winter wheat this year and condition ratings have plunged. Pairing low yield with low planted area, USDA projects the smallest U.S. winter wheat harvest since 1965.

Big WEEK in Ags Today..crop progress Tuesday..WASDE Wednesday..E15 vote Thurs/Friday...China meeting Funds record long the ags 836k contracts surpassing 2012 record of 779k contracts

Getting some GPOs entered on our Wanstead Grain App before this USDA WASDE report out at noon! 🤳Are you connected? Call Megan today to get registered, and have this tool at your fingertips! 519-845-3301.

TRUMP: IRAN WAR MAY END SOON President Donald Trump said the Iran conflict has “a very good chance” of ending as the U.S. nears a deal that could require Iran to send enriched uranium to the U.S. and halt parts of its nuclear program. He cautioned progress isn’t certain, warned military action would resume if talks fail, and said an agreement could come before his trip to China next week.

SRW #wheat sold off hard today. Profit-taking into month-end, or a real turn lower? #oatt #sizovreport

BREAKING: President Trump releases a statement on Iran as US oil prices rise above $100/barrel.

US winter #wheat is holding on, but only just. Just 30% is rated good/excellent. That is better than another drop after the freeze. But it still leaves the crop only a few points above record-low territory. That keeps weather risk very much alive. #oatt #agwx #sizovreport

U.S. Drought Monitor April 23, 2026 For the 50 states and Puerto Rico, the U.S. Drought Monitor shows 52.46% in moderate drought or worse, compared to 51% last week. #DroughtMonitor #Drought #Drought2026

🇺🇸U.S. winter wheat conditions fell below all trade estimates to 30% good/excellent. That's approaching 2022 & 2023, among the lowest scoring years in recent memory. Despite some wet weather, U.S. corn & bean planting pace met expectations and remain ahead of average levels.

🚨 HORMUZ “OPEN” BUT UNCERTAINTY REMAINS Iran’s claim that the Strait of Hormuz is fully open hasn’t reassured the shipping industry. Analysts say the announcement lacks key details—especially on whether Iran will still charge transit fees or enforce specific routes—leaving companies hesitant to resume normal traffic.

BREAKING: Iran's Foreign Minister Araghchi declares the Strait of Hormuz "completely open" for all commercial vessels for the remaining period of the ceasefire, explicitly linking it to the Lebanon ceasefire. Vessels will use the coordinated route via Larak Island, Iran's military-controlled transit corridor. Oil is down 8% on this statement.

🇺🇸NOPA U.S. crush, March 2026: ▪️226.161 mln bu of soybeans ▪️2nd highest for any month; +16% YOY ▪️Below avg trade est (229.978M) ▪️Soyoil stocks 2.039 bln lbs ▪️Below all trade estimates (avg 2.173B) ▪️Stocks at 13yr high for March

“China is very happy that I am permanently opening the Strait of Hormuz. I am doing it for them, also - And the World. This situation will never happen again. They have agreed not to send weapons to Iran…” - President Donald J. Trump

BREAKING: Iran has halted oil tanker passage through the Strait of Hormuz, citing Israel's "ceasefire violation," per Fars news agency. The "complete, immediate, and safe opening" of Hormuz was the entire premise of Trump's two-week ceasefire.

BREAKING: Iran's Foreign Ministry responds after President Trump claims they asked for a ceasefire today: "President Trump's claims that Iran requested a ceasefire are false and baseless."

BREAKING: President Trump says the US is in “serious discussions with a new and more reasonable regime to end our military operations in Iran.” Trump also says that if a deal is not made, the US will “blow up and completely obliterate all of their electric generating plants, oil wells, Kharg Island, and possibly all desalinization plants.”

🇺🇸 2026 U.S. corn plantings are seen sharply lower year-over-year but still well above average. Soy area is seen up 5%. USDA's Tuesday report will shed more light. 💡Fun fact: The corn estimates (avg, hi & lo) are nearly identical to analysts’ estimates at this time last year.