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Crop Report

Producers were able to wrap up most of the seeding operations in the province over the past week with 98 per cent of the crop now in the ground. There is still some seeding to be done in the east half of the province, where small portions of fields were too wet to seed. With recent rain in the region, these areas will likely go unseeded this season.

Multiple rain showers and thunderstorms hit the province over the past week. Several areas reported minor to severe flooding. While the rainfall caused damage in some areas, it was still very welcome to those who were desperately in need of moisture.

In the west, the rain will hopefully allow crops to recover from the drought conditions, but due to the localized nature of the rainfall, much of the western regions will need more widespread rains soon to keep crops from failing.

Some areas received hail over the past week, damage is currently unknown since many crops have not yet emerged, but enough hail was received in some areas to make it appear as if it had snowed.

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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.