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Bean Report

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

Laura Schmidt is an MPSG Production Specialist.

"Soybeans range from R6.5, which is beginning maturity, to R7, where there's at least one brown pod on the main stem. Some fields are rapidly approaching R8 or full maturity. The rains have helped fill pods and increase seed size in fields that were not mature when the rains fell. Once soybeans reach R7, they are considered safe from a fall frost."

Schmidt notes dry beans range from beginning to full maturity.

Field pea harvest is complete in most areas.

Faba bean harvest has also started.

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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.