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MPSG Executive Director Looking Back On Good Year

The Executive Director of Manitoba Pulse and Soybean Growers (MPSG) is looking back on a good year for producers.
 
Daryl Domitruk made the comments during his year-end interview.
 
"I think you could classify 2020 in terms of our annual legume crops, the dry beans, the peas, and the soybeans, as a successful year. I think it would be, in light of 2019, 2020 was a good year and I think overall it would be considered a good year across the last couple of decades."
 
In Manitoba, soybean production rose 3.6% in 2020.
 
"It was a good year, so that the per acre yields were up over 2019 but of course the overall acreage in Manitoba was down and that decline was, we believe, in response to the previous couple of seasons where some intense drought reduced yields in soybeans and so growers responded by planting fewer acres, but those acres that did go in, and it was not a small crop, it still was in that 1.2 million acre range, which is a pretty substantial acreage in Manitoba. Those that did go in, did rather well in 2020."
 
Domitruk is looking ahead to 2021 with a lot of optimism.
 
"The Roquette plant at Portage, and also the Merit operation in Winnipeg, both together are strong signals of some of the market potential that's developing in yellow peas and in other sources of plant protein. Both companies will be providing growers with another marketing option. The thing about the pea industry is that it's really supporting the reintroduction of peas into the rotation in Manitoba."
 
He notes the interesting thing about these crops is that we grow them unlike anyone else in the world. Soybeans are generally grown in rotation with corn, we grow them in rotation with half a dozen other crops. Peas are grown in drier western regions of the Prairies, we're trying to grow them back here in a more humid part of the Prairies. Domitruk says we have a really Manitoba set of circumstances that MPSG is very aware of and are learning about every year.
 
 
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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.