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Canada and the United States Proposes to Recognize Some European Countries As Free As Citrus and Asian Longhorned Beetles

In response to a request from the European Commission, the Canadian Food Inspection Agency (CFIA) and the United States Department of Agriculture - Animal and Plant Health Inspection Service (USDA-APHIS) are proposing to recognize 22 European Union (EU) Member States as free from longhorned beetle citrus (CLHB) and Asian longhorned beetle (ALHB). Under this proposal, the CFIA and APHIS would only recognize those countries that have been infected or infested 3 or more years ago. The EU Member States of Austria, Croatia, Finland, France, Germany, and Italy remain on the list of countries where CLB and / or ALB are present.
 
As part of our effort to work with the EU, we need more than 10 mm (0.4 inches) to be eligible from the 22 EU Member States. ALB when this change comes into force. 
Source : HortCouncil

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

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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.