Fusion Grain Ventures with Justin Kelly, Taylor and Riley Wallace | The Trent Klarenbach Podcast

Shaun Wildman on Farmland Values, Yield Gains, Renewable Fuels, and Canada’s Grain Infrastructure

Think soaring interest rates are about to crash the farmland real estate market? Think again—the actual data behind global yields and massive renewable fuel legislation might completely shock you. In this episode of the Trent Klarenbach Podcast, recurring guest and farmland real estate expert Shaun Wildman [https://www.linkedin.com/in/shaun-wildman-277b9063/] breaks down the long-term future of Canadian agriculture. Despite rising interest rates and short-term margin pressures, Shaun shares an incredibly bullish outlook for Western Canadian farmland values driven by jaw-dropping technology gains and the massive scale of the renewable diesel industry. From exposing the realities of global warming's impact on crop yields to discussing why standard grain-handling margins are tight, this deep dive challenges the status quo and uncovers where the real agricultural wealth is being made. 🚀 Key TakeawaysThe Power of Human Ingenuity: Modern farming technology has completely redefined drought resistance; a Saskatchewan drought today yields 30 bushels of durum compared to single digits in the past. The Renewable Fuel Revolution: Renewable diesel doesn’t face the same "blend wall" issues as ethanol, opening up an almost limitless domestic demand for vegetable oils like canola. Interest Rate Reality Check: While a doubling of interest rates impacts aggressive, high-leverage operations, the broader asset base of Western Canadian farms remains remarkably resilient. The Elephant in the Port: Why spending billions on the Port of Churchill is a sentimental trap, and why federal infrastructure capital should actually go toward West Coast grain bottlenecks. 00:00 Track 1 sequence 01:02 Introduction 02:48 Productivity & Yield Gains 10:38 Interest Rates & Farmland Values 16:52 Renewable Fuels Opportunity 23:34 Grain Handler Margins & Basis Levels 27:12 Long-Term Outlook & Closing Thoughts 32:56 Churchill Port & Export Infrastructure50:49 West Coast vs. East Coast Grain Handling Subscribe to the free Klarenbach Grain Report newsletter: •  https://www.grainreport.klarenbach.ca/ [https://www.grainreport.klarenbach.ca/] Subscribe to the free Klarenbach Special Crops Report newsletter: • https://specialcropsreport.klarenbach.ca/ Grab your risk-free 30-day trial to one of Klarenbach Research's newsletters: • https://www.klarenbach.ca/pricing [https://www.klarenbach.ca/pricing] Learn more at https://www.klarenbach.ca/ [https://www.klarenbach.ca/] Have a question for Trent? Join the Klarenbach Research Telegram Group: https://t.me/klarenbachresearch [https://t.me/klarenbachresearch] Follow Trent on X: https://twitter.com/TrentKlarenbach [https://twitter.com/TrentKlarenbach] Follow Trent on Barchart: https://www.barchart.com/news/authors/392/trent-klarenbach [https://www.barchart.com/news/authors/392/trent-klarenbach] Follow Trent on TradingView: https://www.tradingview.com/u/Trent.klarenbach/ [https://www.tradingview.com/u/Trent.klarenbach/] Follow the Klarenbach Research LinkedIn Page: https://www.linkedin.com/company/klarenbach-research [https://www.linkedin.com/company/klarenbach-research] Klarenbach Research | Trent Klarenbach

The Weaponization of Food: Canada’s Blind Spot

Is Canada treating its massive food production as a simple commodity while the rest of the world weaponizes it? Join former Ag Minister Gerry Ritz and top experts as they expose the shocking vulnerabilities in Canada’s food supply chain, data sovereignty, and defense doctrine. In this episode of the Trent Klarenbach Podcast, we diagnose a major strategic failure: the weaponization of food.  Canada is one of the world's top five food exporters, yet it completely lacks a hard security doctrine to protect its agricultural supply chains in times of global conflict.  Featuring insights from” * Professor Christian Leuprecht [https://www.linkedin.com/in/christian-leuprecht/],  * "The Food Professor" Dr. Sylvain Charlebois [https://www.linkedin.com/in/thefoodprofessor/],  * former Agriculture Minister Gerry Ritz [https://www.gerryritz.ca/], and  * AgTech CEO Jason Dearborn [https://www.linkedin.com/in/jason-dearborn-428244221/],  This episode dives deep into the realities of retail fragility, bureaucratic overreach, state-controlled grocery stores, and the next big battleground: farm data sovereignty and AI. * Food as a Geopolitical Weapon: Canada acts as a passive commodity exporter rather than leveraging its massive food abundance as a strategic stability and deterrence asset for global allies. * The "Black Box" of Retail Fragility: Thin grocery margins, urban-rural asymmetries, and a massive national data deficit leave Canadian supply chains highly vulnerable to sudden, volatile market shocks. * Ideology vs. Practical Farming: Government overregulation—from carbon taxes to intrusive environmental plans—is driving up production costs and stifling agricultural entrepreneurship. * Data Freedom is the New Marketing Freedom: The next 30 years of agricultural sovereignty depend on farmers owning, geofencing, and commercializing their own operational data via blockchain and AI. * The Danger of State Control: The panel soundly rejects the push toward state-run grocery stores and centralized grain management, arguing that free-market competition is what actually builds systemic resilience. Subscribe to the free Klarenbach Grain Report newsletter: •  https://www.grainreport.klarenbach.ca/ [https://www.grainreport.klarenbach.ca/] Subscribe to the free Klarenbach Special Crops Report newsletter: • https://specialcropsreport.klarenbach.ca/ Grab your risk-free 30-day trial to one of Klarenbach Research's newsletters: • https://www.klarenbach.ca/pricing [https://www.klarenbach.ca/pricing] Learn more at https://www.klarenbach.ca/ [https://www.klarenbach.ca/] Have a question for Trent? Join the Klarenbach Research Telegram Group: https://t.me/klarenbachresearch [https://t.me/klarenbachresearch] Follow Trent on X: https://twitter.com/TrentKlarenbach [https://twitter.com/TrentKlarenbach] Follow Trent on Barchart: https://www.barchart.com/news/authors/392/trent-klarenbach [https://www.barchart.com/news/authors/392/trent-klarenbach] Follow Trent on TradingView: https://www.tradingview.com/u/Trent.klarenbach/ [https://www.tradingview.com/u/Trent.klarenbach/] Follow the Klarenbach Research LinkedIn Page: https://www.linkedin.com/company/klarenbach-research [https://www.linkedin.com/company/klarenbach-research] Klarenbach Research | Trent Klarenbach 📋 About This Video💡 Key Takeaways

David Nobbs on Special Crops: Lentils, Canaryseed and Peas: Big Supplies and Iran-Dubai Disruptions

Is the Special Crops market finally hitting bottom? 🌾 In this episode of the Trent Klarenbach Podcast, we are joined by David Nobbs [https://www.linkedin.com/in/david-nobbs-02825242/] of Harvest Grain [https://harvestgrain.ca/] for a critical update on the special crops market as of April 8, 2026.  With seeding just around the corner, David shares his "spreadsheet meeting" insights on navigating one of the most complex marketing years in recent memory. We dive deep into how the Iranian war and geopolitical tensions have disrupted shipping routes into Dubai—a major hub for Canadian lentils—and what the resulting "hangover effect" means for your 2026 price targets.  Whether you are deciding between Lairds, Estons, or making a last-minute shift to Canary Seed, this discussion provides the boots-on-the-ground perspective you need. Key Topics Covered: The Geopolitical Shift: How the conflict in the Middle East is hammering containerized shipping and rail freights. Lentil Deep Dive: Analysis of the 1.7 million tonne carryout and why the Red lentil rally might be a "head fake". Canary Seed Bottom?  David explains why he is actually increasing his canary seed acres despite the five-year bearish trend. Pea Market Outlook: The impact of Chinese tariffs, the lack of early-season movement, and the one "bright spot" in green peas. Seeding Decisions 2026: Navigating $1,300/ton urea and the risks of "cowboy" farm management in a volatile year. Timestamps: 00:00 – Welcome & Special Crops Series Intro  01:10 – Impact of the Iranian War & Diesel Costs  03:15 – Lentil Production Numbers & Carryout Projections  08:30 – The Dubai/Iran Shipping Bottleneck Explained  13:10 – Eston vs. Laird Marketing Windows  16:50 – Canary Seed: Finding Support at 20 Cents?  22:50 – Durum & North African Growing Conditions  26:30 – Pea Market: China, Tariffs, and Green Pea Firmness  33:45 – Trent’s Technical Analysis Index & Price Targets  44:30 – Final Seeding Intentions: To Shift or Not to Shift? About Our Guest: David Nobbs [https://www.linkedin.com/in/david-nobbs-02825242/] is with Harvest Grain [https://harvestgrain.ca/] in Saskatoon, SK.  He brings decades of experience in both farming and international grain pulse trading. Connect with Trent Klarenbach [https://www.linkedin.com/in/trent-klarenbach-0a059641/]: Subscribe to the Klarenbach Grain Report [https://www.grainreport.klarenbach.ca/] and the Klarenbach Special Crops Report [https://www.grainreport.klarenbach.ca/] for daily technical analysis and market trends. #AgBusiness #Lentils #Farming2026 #CanarySeed #PeaMarket #GrainMarketing #SaskAg #TrentKlarenbach #HarvestGrain Disclaimer: Trading in the financial markets involves a risk of loss. Our videos and other content produced by Klarenbach Research are for informational, educational, or entertainment purposes only and do not constitute trading or investment recommendations or advice. Subscribe to the free Klarenbach Special Crops Report newsletter: •  https://specialcropsreport.klarenbach.ca/ [https://specialcropsreport.klarenbach.ca/] Subscribe to the free Klarenbach Grain Report newsletter: •  https://www.grainreport.klarenbach.ca/ [https://www.grainreport.klarenbach.ca/] Grab your risk-free 30-day trial to one of Klarenbach Research's newsletters: • https://www.klarenbach.ca/pricing [https://www.klarenbach.ca/pricing] Learn more at https://www.klarenbach.ca/ [https://www.klarenbach.ca/] Have a question for Trent? Join the Klarenbach Research Telegram Group: https://t.me/klarenbachresearch [https://t.me/klarenbachresearch] Follow Trent on X: https://twitter.com/TrentKlarenbach [https://twitter.com/TrentKlarenbach] Follow Trent on Barchart: https://www.barchart.com/news/authors/392/trent-klarenbach [https://www.barchart.com/news/authors/392/trent-klarenbach] Follow Trent on TradingView: https://www.tradingview.com/u/Trent.klarenbach/ [https://www.tradingview.com/u/Trent.klarenbach/] Follow the Klarenbach Research LinkedIn Page: https://www.linkedin.com/company/klarenbach-research [https://www.linkedin.com/company/klarenbach-research] #CommodityTrading #GrainMarkets #TechnicalAnalysis #Agriculture #grain #grainmarket #wheat  Klarenbach Research | Trent Klarenbach

⁠Adam Kuznia⁠ on Writing, Soil Biology, Fertility Reduction, and Drone Agronomy in the Red River Valley

Host Trent Klarenbach interviews North Dakota/Red River Valley agronomy entrepreneur and Farming Full-Time [https://farmingfulltime.substack.com/] Substack writer Adam Kuznia [https://www.linkedin.com/in/adam-t-kuznia/] about how writing became a therapeutic “relief valve,” the nerves of publishing, and why creators should prioritize authenticity over audience expectations.  Kuznia describes gaining more recognition outside his hometown, his farming background in Stephen, Minnesota, and how small rural towns have declined over time.  The conversation centers on reducing fertilizer while maintaining yields by focusing on soil biology, mineralization, and making tied-up nutrients plant-available—especially phosphorus in high-pH soils—along with cautioning against cutting too fast.  Kuznia outlines launching True Grit Agronomy [https://www.truegritag.com/], partnering with Harvest Drone, and using cost-share programs to reduce paperwork and risk, plus the expanding capabilities and economics of spray drones and emerging agronomy-focused AI tools. 00:00 Podcast intro and guest 01:07 Where to find Adam 02:24 Writing process and habits 06:26 Publishing fears and authenticity 13:20 Audience comes last 14:51 Reducing fertilizer with biology 17:58 No till soil changes 23:37 Farm roots and career path 26:48 Small town decline 29:36 Family farm boom and bust 33:05 Land prices and paradigm shift 34:39 How to transition fertility 35:14 Soil Tests First 35:31 Cutting Fertility Without Yield Loss 38:03 High pH Phosphorus Lockup 39:54 Self Taught Agronomy Path 40:47 Hobbies Markets And Interest Rates 42:35 Contrarian Trading Lessons 46:53 Sugar Beet Harvest Reality 51:23 Farm Work Ethic And Grit 56:49 Launching True Grit Agronomy 57:40 Drones Paperwork And Incentives 01:02:19 Drone Spraying Tech And Safety 01:07:39 AI Tools And Closing Thoughts Disclaimer: Trading in the financial markets involves a risk of loss. Our videos and other content produced by Klarenbach Research are for informational, educational, or entertainment purposes only and do not constitute trading or investment recommendations or advice. Subscribe to the free Klarenbach Grain Report newsletter: •  https://www.grainreport.klarenbach.ca/ [https://www.grainreport.klarenbach.ca/] Subscribe to the free Klarenbach Special Crops Report newsletter: • https://specialcropsreport.klarenbach.ca/ Grab your risk-free 30-day trial to one of Klarenbach Research's newsletters: • https://www.klarenbach.ca/pricing [https://www.klarenbach.ca/pricing] Learn more at https://www.klarenbach.ca/ [https://www.klarenbach.ca/] Have a question for Trent? Join the Klarenbach Research Telegram Group: https://t.me/klarenbachresearch [https://t.me/klarenbachresearch] Follow Trent on X: https://twitter.com/TrentKlarenbach [https://twitter.com/TrentKlarenbach] Follow Trent on Barchart: https://www.barchart.com/news/authors/392/trent-klarenbach [https://www.barchart.com/news/authors/392/trent-klarenbach] Follow Trent on TradingView: https://www.tradingview.com/u/Trent.klarenbach/ [https://www.tradingview.com/u/Trent.klarenbach/] Follow the Klarenbach Research LinkedIn Page: https://www.linkedin.com/company/klarenbach-research [https://www.linkedin.com/company/klarenbach-research] #CommodityTrading #GrainMarkets #TechnicalAnalysis #Agriculture #grain #grainmarket #wheat #futures  Klarenbach Research | Trent Klarenbach

Shaun Wildman: From Rural Saskatchewan to the Chicago Board of Trade and Global Canola Trading

From Rural Saskatchewan to Global Canola Markets: Shaun Wildman on Trading Floors, Pulses, and Viterra Trent Klarenbach interviews lifelong friend Shaun Wildman of Flaxcombe, Saskatchewan, tracing his path from rural hockey and Ag Economics at the University of Saskatchewan to a career in commodities.  Wildman describes early brokering at Rayglen Commodities, arbitrage opportunities in special crops, and his time on the Chicago Board of Trade and Winnipeg Commodity Exchange during the open-outcry era.  He explains moving into futures brokerage and then into Saskatchewan Wheat Pool/Xcan, where he learned pulse trading under tight margins before advancing into canola and destination export markets, including a dominant role in China.  Wildman discusses company restructuring under Mayo Schmidt, Viterra’s growth and sale to Glencore, risk and default realities in global trade, and his current focus on investments, some futures and stock trading, and pursuing a real estate license to advise on farmland. 00:00 Welcome and Guest Intro 00:59 Growing Up Rural Saskatchewan 02:16 Hockey Roads and Blizzard Stories 05:47 University Days and Public Speaking 07:47 Rayglen Commodities and Early Arbitrage 11:29 Chicago Trading Floor Experience 16:31 Winnipeg and Open Outcry Chaos 27:13 Xcan and Pool Hedging Desks 30:01 Switch to Cash Trading Lentils 31:59 Early Risky Export Trades 33:56 Pulses Desk to Canola 34:39 FOB Strategy and Partners 36:06 China Market Power Era 36:51 Small Volume Big Intensity 39:24 Market Shocks and Defaults 44:02 Natural Margins and Cycles 48:40 Wheat Pool Restructuring 49:45 Mayo Vision and Growth 52:26 Glencore Acquisition Shift 56:23 Trading vs Marketing Stress 59:26 Life After Trading Disclaimer: Trading in the financial markets involves a risk of loss. Our videos and other content produced by Klarenbach Research are for informational, educational, or entertainment purposes only and do not constitute trading or investment recommendations or advice. Subscribe to the free Klarenbach Grain Report newsletter: •  https://www.grainreport.klarenbach.ca/ [https://www.grainreport.klarenbach.ca/] Subscribe to the free Klarenbach Special Crops Report newsletter: • https://specialcropsreport.klarenbach.ca/ Grab your risk-free 30-day trial to one of Klarenbach Research's newsletters: • https://www.klarenbach.ca/pricing [https://www.klarenbach.ca/pricing] Learn more at https://www.klarenbach.ca/ [https://www.klarenbach.ca/] Have a question for Trent? Join the Klarenbach Research Telegram Group: https://t.me/klarenbachresearch [https://t.me/klarenbachresearch] Follow Trent on X: https://twitter.com/TrentKlarenbach [https://twitter.com/TrentKlarenbach] Follow Trent on Barchart: https://www.barchart.com/news/authors/392/trent-klarenbach [https://www.barchart.com/news/authors/392/trent-klarenbach] Follow Trent on TradingView: https://www.tradingview.com/u/Trent.klarenbach/ [https://www.tradingview.com/u/Trent.klarenbach/] Follow the Klarenbach Research LinkedIn Page: https://www.linkedin.com/company/klarenbach-research [https://www.linkedin.com/company/klarenbach-research] #CommodityTrading #GrainMarkets #TechnicalAnalysis #Agriculture #grain #grainmarket #wheat #futures  Klarenbach Research | Trent Klarenbach