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Alberta Municipalities Declaring Agricultural Disasters Continues To Climb

Months of hot dry conditions and a severe lack of moisture is taking its toll on crops, hay and pasture conditions.

Farmers in many areas are reporting low yields with crops being short and thin, with many of the crop heads not filling out or podding as usual.

Weeks of extreme temperatures is also causing problems for water supplies, dugouts and sloughs with many already dried up.

As of last week, a total of 18 municipalities in Alberta had declared agricultural disasters, which will allow producers to qualify for any available aid.

Some municipalities are said to be experiencing one in 50 year droughts.

Alberta Environment and Parks has approved several temporary changes to grazing and water regulation to open new sources of feed for livestock.

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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.