Strait of Hormuz Closure Drives Dual Input Cost Spike — Prairie Crop Margins Under Compounding Pressure at Seeding

ByWestern Farm Report April 23, 2026April 23, 2026

The sustained closure of the Strait of Hormuz, following U.S. and Israeli military action against Iran beginning February 28, 2026, has created simultaneous cost pressure across both major Prairie input categories — fertilizer and diesel fuel — through two distinct but structurally linked transmission mechanisms.

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Crop Reports
Prairie Barley: Record 2025 Crop Sets Up a Complicated 2026 Marketing Year
ByWestern Farm Report April 15, 2026April 15, 2026
Canadian producers harvested 9.7 million tonnes of barley in 2025 — a 19 percent jump over the previous year and the largest crop in recent memory. For Prairie barley growers, that number came with a mixed set of consequences: prices under pressure at harvest, carry-out stocks building to an eight-year high, and a marketing year…
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Input Prices
Wheat Input Costs in 2026: What It Actually Costs to Put a Crop in the Ground
ByWestern Farm Report April 11, 2026April 15, 2026
The Saskatchewan Ministry of Agriculture’s 2026 Crop Planning Guide delivers an uncomfortable message: under high-input assumptions and average yield conditions, no crop in the guide shows a profit in 2026.Free Access · Input PricesRead Western Farm Report — FreeRegister with your email address for full access to all content. No subscription. No credit card. One…
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Input Prices
Fertilizer Costs Are Rising Again — And Prairie Margins Can’t Absorb It Easily
ByWestern Farm Report April 16, 2026April 16, 2026
Fertilizer prices are climbing again heading into spring 2026, and the combination of higher input costs and softening commodity prices is squeezing grain and oilseed margins across the Prairies. Urea prices have surged more than 48% above year-ago levels in North American benchmark markets as of mid-April. Anhydrous ammonia is running about 40% higher year-over-year….
Read More Fertilizer Costs Are Rising Again — And Prairie Margins Can’t Absorb It Easily
Crop Reports
What It Actually Costs to Plant Canola in 2026 — and What You Can Expect to Get for It
ByWestern Farm Report April 11, 2026April 11, 2026
# What It Actually Costs to Plant Canola in 2026 — and What You Can Expect to Get for ItFree Access · Crop ReportsRead Western Farm Report — FreeRegister with your email address for full access to all content. No subscription. No credit card. One click to verify.Read Free — Enter Your EmailWe respect your…
Read More What It Actually Costs to Plant Canola in 2026 — and What You Can Expect to Get for It
US Markets
US Markets April 18th 2026
ByWestern Farm Report April 19, 2026April 23, 2026
US winter wheat entered the 2026 growing season in its worst opening condition since 2022: as of April 5, USDA NASS rated only 35% of the national crop good to excellent — 13 percentage points below the same date a year ago and 7 points below what analysts had forecast. Simultaneously, US farmers are contending…
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Input Prices
Canola Input Costs in 2026: What It Takes to Grow the Crop That Still Drives Prairie Farm Revenue
ByWestern Farm Report April 15, 2026April 15, 2026
Canola remains the single largest contributor to farm cash receipts across the Prairie provinces, accounting for more than 40 per cent of Saskatchewan’s total farm cash receipts and a comparable share in Alberta and Manitoba. The 2025 crop set a national production record at 21.8 million tonnes, breaking the previous high of 21.5 million tonnes…
Read More Canola Input Costs in 2026: What It Takes to Grow the Crop That Still Drives Prairie Farm Revenue

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