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Pedersen Monitoring Flooding In Southeast Manitoba

Manitoba Agriculture and Resource Development Minister Blaine Pedersen is conversing with his colleagues in the southeast about the flooding situation.
 
"Crops have been flooded out and pasture land and the roads are a concern in order to get feed into livestock barns and to check on livestock," he said. "For personal security too, when roads get washed out it can cause some real angst for families."
 
Pedersen says it's still too early to say if financial assistance will be made available.
 
He's considering a trip to the area to assess the situation.
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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.