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FarmLink Completes Summer Crop Tour

FarmLink Marketing Solutions recently wrapped up a summer Prairie crop tour.
 
Chief Market Analyst Neil Townsend talked about how things are looking in Manitoba.
 
"We heard a lot about flooding in Manitoba and overland river flooding. There's really not too much evidence of that," he said. "Crops in Manitoba look pretty good. Lot's of potential there. The cereals really are the headline. People were marveling at the oat crops that they were seeing and the wheat crops and the barley potential there. A little bit less enthusiastic, not that it's bad, but just less enthusiastic about the soybeans and the canola crops that they were looking at."
 
Townsend commented on a few concerns.
 
"Some evidence of bugs like grasshoppers were something that we saw a lot of and in certain areas we some root rot and stuff like that. The disease story isn't like a big headline, certain things can develop but the conditions thus far have been pretty good and support a higher quality crop. Again, that could change based on what happens in August and certainly we've seen many times where things have turned for the worst due to inclement harvest weather."
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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.