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Excess Moisture Concerns In Parts Of Alberta

Some warm, dry weather and no wind is what farmers across Alberta, and many areas of the Prairies would like to see now. 
 
Recent rains have definitely helped to improve soil moisture and pasture conditions but sunshine would help with crop development. 
 
In Alberta, heavy rains in the North West and Peace River areas have resulted in excess moisture and left standing water in the field.
 
Alberta's crop report shows 98% of the 2020 crop is in the ground, with about 75% of the crop emerged.
 
AFSC's Product Development Analyst Ken Handford says crop development varies on where you are in the province.
 
"The crops in the southern part of the province are the most developed where they're actually into well into the tillering stage. Then you have Central Alberta, the North East and the North West where the majority of the crops are in the three to five-leaf stage and the Peace region where they are a little bit delayed. They're just entering the seedling stage right now."
 
He notes they've had accumulations in the last couple of weeks of up to seven or eight inches so it's resulted in a fair bit of damage and water in the field.
 
In the south there's been some reseeding of crops due to flea beetles, flooding, crusting and wind damage.
 
Farmer's who are still working on their seeding operations are being reminded that the seeding deadline is coming up June 20th.
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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.