What the Futures!

Specialty Crops Update with Chuck Penner (Peas, Lentils, Durum) + Canola Near New Highs

May 29, 2026·53 min
Episode Description from the Publisher

Episode 124 of the What the Futures Podcast features Chuck Penner of LeftField Commodity Research answering grower questions on peas, lentils, durum, canola, wheat, and feed barley. Penner breaks down Prairie weather extremes, pea demand from China and India, durum pressure from weaker North African demand, lentil uncertainty tied to Canada, Australia, and India, and canola’s rally into new highs. The episode also covers old crop wheat specials, rising feed barley values, improving canola basis, and the importance of staying ready to execute marketing plans. 00:00 Episode kickoff00:43 Sponsor message01:29 Markets and canola highs03:07 Song of the week04:27 Seeding challenges and farm morale08:22 Hedging and farm updates10:38 Chuck Penner joins16:59 Green and yellow peas25:01 Durum outlook31:17 Lentil market update37:09 Canola momentum42:19 Canola rally strategy45:49 Wheat specials46:42 Feed barley pricing47:34 Basis watchlist49:03 Farm update and sponsor50:31 Eating your veggies52:20 Conference and text updates53:19 Final wrap

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