Klarenbach Research

06/03/2026

Corn Contango Collapse: Dec'26/Dec'27 Spread Shifts

After peaking at a $.03 contango on May 19th, the spread has deteriorated sharply, trading at a $.28 contango.

Read more:

Analysis of the recent corn contango collapse and how fund liquidation and institutional market forces are driving new crop prairie spreads.

06/03/2026

An in-depth look at stock-to-use ratios for Eston, number twos, number ones, lards, and red lentils. We explore how these figures might influence future market demand.

06/02/2026

Canola July/Nov spread: Liquidation risks and volatility,

Commodity futures contracts follow a predictable lifespan.

The size of open interest indicates where the contract is in its lifecycle.

Starting at zero, open interest will grow steadily until it peaks when the contract becomes the nearby or front-month contract.

Approximately a month before the first delivery day, participants will begin liquidating their positions.

Read more in The Spread Trader:

Analysis of the July/Nov Canadian canola spread as large open interest signals a volatile and potentially disorderly liquidation for Prairie grain marketers.

06/02/2026

WHY GLOBAL STABILITY MATTERS TO YOUR WALLET 🇨🇦📉

When global conflicts fire up, the economic fallout hits closer to home than you think.

As a major trading nation, Canada’s economy relies on the smooth functioning of global trade.

Let's be real: it’s pretty hard to sell products to people who are at war with each other.

That is exactly why global stability is a must-have, not a nice-to-have.

Luckily, Canada holds a major wildcard.

By leveraging our massive abundance of natural wealth, we actually have the power to influence and support global stability.

It’s time to look at our natural resources as the ultimate geopolitical tool.

The Trent Klarenbach Podcast
Episode 20

06/02/2026

Did you know that Canada is one of the top five global food producers, yet we completely lack a hard security strategy to protect it?

In this episode of the Trent Klarenbach Podcast, experts expose Canada’s strategic blind spot.

Food has always been a weapon in conflict. As global populations surge, supply chain choke points and climate volatility make our food systems incredibly fragile.

But instead of building up strategic reserves and domestic processing infrastructure, our system is bogged down by heavy bureaucracy and an ideological "ostrich approach."

The future of farming isn’t just about working the land—it's about data sovereignty.

If farmers don't take control of their digital assets, foreign adversaries and top-down regulations will do it for them.

It's time to run agriculture like the national security asset it truly is.

Is Canada treating its massive food production as a simple commodit...

06/01/2026

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05/31/2026

A social media post shares an interesting correlation between rich traders and spread traders.

A social media post shares an interesting correlation between rich traders and spread traders.

05/29/2026

A phone call during finals changed my life forever. My dad suffered a severe hand injury in a farm accident, losing three fingers. I wasn't there, and I often wonder if things would have been different had I been present.

05/29/2026

The closing monthly price matters more than the weekly closing price, which matters more than the daily closing, which......

Well, you get the picture.

Soybeans found resistance this month from the declining 50-month moving average.

Not bullish.

05/29/2026

CBOT SRW Wheat closes the month with resistance at the declining 50- Month moving average.

The last attempt to close above on a monthly basis was in April/May of 2024.

The moving average was advancing then.

Now it is declining....