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Farmers Yield Record Harvest, Statistics Canada

By Amanda Brodhagen, Farms.com 

Canadian farmers yielded records crops this year, according to a Statistics Canada report.

The report said that while farmers had a late start to planting, good weather led to higher than normal yields for canola, wheat and soybean growers.

Canola and wheat production reaches record levels

Here are the highlights:

  • ? Canola increased 29.5 per cent from 2012, 18.0 million tonnes
  • ? Wheat increased 38.0 per cent from 2012, 37.5 million tonnes
  • ? Barley increased nearly 28 percent from 2012, 10.2 million tonnes

Corn and soybean production also set records

  • ? Corn increased 8.7 per cent
  • ? Soybeans were up 2.2 per cent 

The good news is that farmers’ crops yielded well. The bad news is that they are unable to move their grain fast enough, delaying overseas shipments and missing out on market opportunities.  This situation is especially true for growers in western Canada, who say there is a shortage of rail cars available to transport grain to the ports. 


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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.