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Bean Report

Manitoba Pulse and Soybean Growers (MPSG) is providing a crop update in this week's Bean Report.

Laura Schmidt is a production specialist for western Manitoba.

"Soybeans range from V1 to V4 and will be starting to flower with the change in day length," she said. "IDC symptoms have started to show up in some fields but most fields remain symptom free. Dry beans range from the unifoliate to the third tri-foliate stage. Southern areas of the province received high winds, damaging some bean crops resulting in leaf tearing and stem breakage, which thankfully now are regrowing...In these fields, expect some bacterial blight to infect those damaged plants and at low severity levels, this isn't typically a yield limiting disease."

She also touched on field peas and faba beans.

"Field peas range from eight to ten nodes, with some at R1 or flower bud stage, with a few open blooms here and there. Faba beans are also advancing with earlier seeded crops beginning to flower at around eight to nine leaf nodes."

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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.