Cereals Coming Off Tough In Some Areas

Harvest in Manitoba is nearly a third complete.

 

Dane Froese with Manitoba Agriculture says there's been tough cereals reported in some areas.

 

"A lot of cereals have come off a little bit tough due to high humidity and high moisture...at the time of harvest, so producers have been searching for aeration and making sure their aeration bins are working in order to be able to use some natural air drying to bring tough grain down to that dry safe storage level. Less than 14.5 per cent for spring wheat, less than 13.5 per cent for oats. Occasionally having to put it through a grain dryer just to make sure that high moisture or excessively tough grain is able to be dried down and stored for long term."

 

He notes spring wheat yields are generally below average, reaching the top two grades.

 

Oat and barley yields are better, and quality is good.

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.