Hedged is a grain & oilseed marketing podcast for farmers in the Canadian Prairie . Each episode breaks down what's moving canola and wheat markets — futures, basis, spreads, and the policy shifts that hit your bottom line — and what it means for your marketing plan. Hosted by Quintin Stamler, futures and options advisor at JGL Capital, Hedged cuts through the noise with straight talk on managing price risk, so you can make selling decisions with confidence instead of guesswork. New episodes weekly. Nothing here is trading advice — talk to your advisor before pulling the trigger.
Saskatchewan harvest jumped to 82% in a week, but top-grade wheat is running about half of normal. Canola briefly priced over European rapeseed, the funds are about as long as they get, and we walk through how to use the Commitments of Traders report to pace your sales instead of guessing the top.
25 Sept 2026
Around the World in 13 Minutes
China is quietly buying Australian canola again, Brazil's soybean planting is off to a dry start, and Black Sea wheat is taking the long way around through the Danube and Baltic. Here's what it all means for your canola and wheat bids.
21 Sept 2026
Wake Me Up When September Ends
StatsCan’s September model cut Canadian wheat hard and left canola nearly flat on record acres. Prairie harvest is still crawling — Saskatchewan about a third done, Alberta even further behind, canola barely moving — and quality is already taking hits on durum and malt. Meanwhile managed money is still long canola and near records in corn and meal, crush is running hot, and Washington is lining up Xi and Trump with soy purchase talk in the mix. A discussion about what it means for wheat and canola into month and quarter end.
12 Sept 2026
Wet Combines, Hot Oil
Prairie harvest is still running late — Saskatchewan at 27% versus 41% this week last year, Alberta and Manitoba behind too. StatsCan’s July 31 stocks show a comfortable canola carry and heavy wheat, especially durum, while new-crop canola and wheat are late to the elevator. Overseas, Houthis push through Bab al-Mandab and Perim as Saudi leans on the Red Sea around Hormuz trouble; Black Sea logistics stay constrained on both sides. Energy punched highs — crude, heating oil, diesel — with biofuel demand supporting veg oils even if soyoil isn’t mirroring crude one-for-one. Plus WASDE: beans fairly bearish, corn a milder supply trim.
29 Aug 2026
Slow Combines, Fast Politics
Prairie harvest is running well behind normal pace. Saskatchewan at 11% complete versus a 24% five-year average, Alberta at 5.6% versus 15.2%. Canola in both provinces is barely off the field. South of the border, U.S. winter wheat has wrapped with strong protein numbers while spring wheat and durum harvest continues. And in Washington, EPA is weighing a supplemental biofuel rule that could offset a bigger-than-expected round of small refinery exemptions. Wheat is going parabolic with the Russia-Ukraine conflict not showing any signs of easying.
22 Aug 2026
Harvest Lags, EPA Shakes the Board, and Big Money Piles Into Grains
Saskatchewan harvest sits at just 4% — well behind the 5- and 10-year averages, though still ahead of last year’s pace. Q breaks down mixed early yield reports, a frost-free 15-day forecast, and US spring wheat progress (40% harvested, strong protein numbers). Two pieces of EPA news on small refinery exemptions and a possible RFS compliance extension hit soy oil and canola hard on Friday. Plus: European and US Commitment of Traders data showing aggressive fund buying across canola, corn, and soybeans, standout COPA crush numbers pointing to a potentially record capacity year, and a look at where canola and wheat closed the week.
8 Aug 2026
Head-and-Shoulders + Soft Seasonal Window
Fresh crop condition reports out of SK, AB, and MB, a new round of EPA biofuel exemptions, and a head-and-shoulders setup forming on canola — plus this week’s COT data and a strong opening COPA crush number that’s pulling against the bearish technical and seasonal picture.
1 Aug 2026
Look Out Below - Price & Yield
This week: canola gives back its run toward multi-year highs on a Friday pullback, while wheat sees a full round trip as Black Sea tensions spike and then unwind on Turkey mediation headlines. Plus — the EPA’s small refinery exemption ruling due by August 4th and what it means for RIN-driven canola demand, the latest COT positioning from the funds, a look at Europe’s heat-hit crop via the JRC MARS Bulletin, and full crop condition rundowns from Manitoba, Saskatchewan, and Alberta.
24 Jul 2026
Tariff Near Miss, Spread Opportunities
This week: Trump’s new 50% tariffs on Canadian goods (ag mostly spared), what the EU’s biofuels outlook means for canola demand, a telling inversion in canola and spring wheat spreads.
17 Jul 2026
Sea of Azov, Sea of RINs
Russia loses its ability to move grain through the Sea of Azov, and wheat responds with its sharpest rally in weeks. Q covers the escalating Black Sea disruption, a Corn Belt heat and flash-drought scare building fast, and fresh Chinese soybean buying on the back of a tariff framework deal. Plus: NOPA's June crush smashes estimates with a record soybean oil draw, D4 RIN generation keeps climbing past the 2026 biofuel standard, and grains get love from the managed money cohort.
10 Jul 2026
Canola's Wild Ride and Black Sea Uncertainty
Q breaks down a volatile week for the grain markets. Canola whipsaws nearly $50/tonne in under two weeks as headlines outrun the fundamentals. USDA's July WASDE drops the smallest U.S. wheat crop since 1970, tightening corn stocks despite a big crop, while soybean exports absorb higher production. Meanwhile, Ukraine's escalating strikes on Crimea and the Kerch Strait threaten Russia's Azov grain export corridor — adding a fresh layer of support under global wheat. Plus: what to watch next week as U.S. CPI and the Bank of Canada's rate decision hit the calendar
3 Jul 2026
Wet Acres and Big Negotiations!
Q breaks down a busy week for the grain markets. Tuesday's dual data drop delivered a record Canadian canola acreage number from StatsCan — 23.4 million acres — alongside a surprise cut to U.S. wheat plantings, the lowest in USDA records going back to 1919. But the record canola figure comes with an asterisk: the survey closed before June's historic rains. With Saskatchewan reporting six per cent of acres flooded out or unseeded and damage mounting in Manitoba and Alberta, the gap between planted and harvested acres could be one of the widest in years. Plus: the CUSMA joint review kicked off July 1 without a U.S. commitment to renew — what that means (and doesn't mean) for grain movement. A weather market summer is setting up.
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