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Rain Delaying Harvest, But Not Damaging Soybeans And Corn

The ongoing rain is delaying the harvest of soybeans and silage corn here in southeastern Manitoba. But Marc Hutlet of Marc Hutlet Seeds at Ste. Anne, says the excess rain is not causing any damage to the soybean and corn crops at this time. He adds farmers would appreciate a dry spell so they could get the crop in the bin. Hutlet notes tests done earlier indicate yields could be a little better than expected.
 
"We had done a couple of trials and yields were a little better than we had expected, so that's a positive. There have been no concerns yet with early shattering as the early-maturing soybeans varieties were just coming into play, in terms of being ready."
 
Hutlet says some silage corn is being harvested between rains.
 
"There are some guys that are silaging and the crop is good, although there are some tracks being made and it's not pretty in some fields. But there is some activity out there because, for them, it's time, the staging of the crop is there and so if they can travel at all, they are out there."
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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.