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Flax Seed Could Be In Short Supply This Spring

The Manitoba Flax Growers Association (MFGA) held its AGM last week at CropConnect.
 
Chair Eric Fridfinnson commented on last year's crop.
 
"We have about an average size of a flax crop," he said. "There's a fair bit of flax that's of lower grades because of bad weather last fall but certainly for the individuals that have top quality flax they've got a real good commodity on their hands that's worth a lot of money. Right now we see people paying $14 per bushel for that best stuff and it's a good opportunity."
 
Fridfinnson talked about flax acres for 2020.
 
"Acres were up about 10 per cent last year. As long as we have enough seed available I think we're going to see a bit of an increase again. I've been talking to some people in the seed business and apparently they've doing brisk trade, so if people want some flax they should probably go and get it as soon as they can."
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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.