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Rain Comes Too Late For Many Crops

Farmers are looking to get back out on the field after some rain this week.

Dane Froese is with Manitoba Agriculture & Resource Development.

"Rain was widespread across much of Manitoba and it was very much needed by all crops and hay and forages in the region," he said. "We saw anywhere between 10 to about 50 mm fall in the south central part of the Red River Valley and the south central region, however that rain did come a little too late for most of our cereal crops and canola. It may help some of the canola turn and finish but we're not going to be seeing the benefit right now. That will rather be going into the soil profile as a little bit of recharge. We did see that rain perk up some of the edible bean and soybean fields and some corn, so we may save some yield potential there and have a better chance of filling in some of those pods."

The province's weekly crop report says harvest completion has reached 5%, ahead of the 4-year average of 3% for the second week of August. Weighted average crop quality sits at 45%, rated Good. Cereal harvest has started and yields are typically below average, ranging from 20 to 70 bu/acre for spring wheat, with high protein. Early harvested oat crops are yielding between 15 and 80 bu/acre, with many averaging between 40 to 60bu/acre but are often lightweight.

Farmers continue to make greenfeed and determine end use for damaged and drought-affected grain crops. The province reminds farmers that they must contact MASC prior to putting crops to alternate use.

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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.