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Decent weather finally in the forecast for those still harvesting

There’s a relatively good outlook for harvest weather this coming week in southern Saskatchewan.
 
Combining is just over half done after numerous delays from recent rain and snow.
 
Environment Canada senior climatologist David Phillips said the forecast is for cool and relatively dry weather this week followed by a warm up.
 
“Certainly we see a little bit of a break the next seven days, we see some sunshine, temperatures are again going to be five to seven degrees cooler than normal, but when we get to mid week we see temperatures going up, for example Regina will be around 15 with lots of sunshine, typically they’re around 11 this time of year,” Phillips said.
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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.