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Manitoba Crop Report

Manitoba Agriculture says crops are generally in average to good condition.
 
Disease pressure for sclerotinia continues to be higher, depending on the risk factors.
 
Hay and forage yields have been variable, while regrowth has been good in much of the province.
 
Grasshoppers are a concern in cereal and soybean fields. Armyworms are noted in fall rye, spring cereals, and perennial ryegrass.
 
High winds and driving rain have lodged some cereal and corn crops in the Altona to Morris area.
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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.