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Busy Weeks Ahead For Ag Minister Pedersen

Manitoba Agriculture & Resource Development Minister Blaine Pedersen was busy meeting with farmers last week at St. Jean Farm Days.
 
He talked about the mood heading into the 2020 growing season.
 
"You could describe it as cautious optimism," he said. "I know there was lots of issues getting the crop off, grain drying. We're lobbying the federal government about the cost of fuel for grain drying. The carbon tax being charged on that and I'm working with the federal MP's to get some numbers together to show just how big an impact that really did have."
 
Pedersen says he'll be travelling throughout the province over the next few weeks attending various farm meetings and events.
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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.