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Propane demand expected to rise due to late, wet harvest and need to dry crops

Propane demand in Saskatchewan is rising as a higher percentage of the 2019 crops will have to be dried following the latest snowfall and rain.
 
The propane marketing manager for Federated Co-op, Dave Turk, is advising farmers to order their propane in a timely manner to avoid last year’s delays in delivery.
 
Turk does not expect any propane supply shortages this year.
 
Turk says there was strong demand last month for propane, mainly from farmers in northeast Saskatchewan.
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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.