In Episode 62 of the What the Future's Podcast, host Ryan Denis dives into the ongoing discussion about tariffs and their impact on Canadian crops. Joined by Chuck Penner from Leftfield Commodities, the duo explores the effects of Trump tariffs, the specific vulnerabilities of various crops to tariffs, and the potential long-term implications for the farming industry. They also discuss strategies for farmers to navigate through this challenging environment. Additionally, the episode features insights into crop rankings, wheat basis targets, and the importance of avoiding market noise. Farmers are encouraged to focus on momentum and stick to their marketing plans while also considering professional brokerage services to expand their financial strategies.
00:00 Introduction and Episode Overview
00:17 Guest Introduction: Chuck Penner
02:54 Impact of Tariffs on Canadian Crops
07:49 Travel Woes and Industry Insights
11:44 India's Tariff Policies and Crop Prospects
17:17 US Tariffs and Market Reactions
23:46 Housekeeping and Positive Moments
34:08 Impact of U.S. Tariffs on Pulse Crops
40:04 Potential Political Resets
46:02 New Crop Wheat Basis Contracts
55:34 European Canola Market
59:09 Crop Marketing Strategies
01:01:22 Eating Your Veggies: Crop Rankings and Basis Targets
01:06:09 Conclusion and Thanks
