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Harvest nearing completion

The sunny dry weather is allowing producers to harvest their grain and oilseed crops without much interruption during the month of September.
According to the latest Alberta Agriculture crop report, harvest in the southern region of the province is just over 90% complete. Provincially harvest is nearly 60% complete.
A few local producers have yet to start harvest due to other work commitments or late seeding this past spring. Though rain is in the forecast for this week, most are optimistic about getting started once the forecast light rain and lower temperatures move on. later in the week when day temperatures are supposed to return back to the low 20’s C.
In the south region only late seeded crops and canola are left to be combined and only 4% of the crop is still standing. Dry peas are all harvested and the potato harvest is in progress.
According to the Potato Growers of Alberta Potato Minute report, growers that were affected by hail are working with processors to salvage as much of the crop that is possible. About 3000 acres of potatoes were damaged by the huge hail storm earlier in August, with some completely wiped out.
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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.