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Manitoba Crop Report

In the weekly crop report, Manitoba Agriculture says strong winds have delayed herbicide application on all crops.
 
Scattered thunderstorms brought significant amounts of rain over the weekend to parts of the eastern, central, and Interlake regions. Some areas also received hail.
 
Southwest and northwest regions and the northern Interlake continue to be dry, and could use rain.
 
Reseeding has largely wrapped up. Unseeded acres may be put into greenfeed production in anticipation of reduced hay and alfalfa yields since crop insurance deadlines have now passed.
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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.