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Hope Remains For Decent Soybean Crop

Only about thirty per cent of Manitoba's soybeans have been harvested so far.
 
That number is far below the three-year average for this time of year which is 77 per cent.
 
Cassandra Tkachuk with Manitoba Pulse and Soybean Growers (MPSG) talked about the impact of the weekend storm.
 
"I would say most of them [soybeans] are still standing upright, but we have seen some lodging from that heavy, wet snow. The lodging might pose issues, but in the cases where we see it, it's not at significant parts of the field. So we're hopeful that by the time the snow melts and things dry up a little bit, to be able to get back on the fields that we can still take off some of those crops."
 
She says the majority of the damage to the soybeans was done before the snowfall, and was a result of the wetting and drying cycle that occurred.
 
If conditions allow, Tkachuk advises farmers to slow down while harvesting to avoid plugging the combine.
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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.