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Summer Storm Season Hits Saskatchewan Hard

The Canadian Crop Hail Association's latest report shows claims across Western Canada are average compared to this time last year.
 
CCHA President Rick Omelchenko says member agencies are reporting over 10,000 claims so far across the Prairies.
 
He says the summer storm season has resulted in about 1200 hail claims in Manitoba, 2700 in Alberta and just over 6000 in Saskatchewan.
 
"The west side of Saskatchewan, the Macklin area, it really got hit hard. The Nipawin/Melfort area got hit hard, just recently the Yorkton area got hit pretty hard. It's pretty well all across central to southern Saskatchewan."
 
Omelchencko says adjusters have been busy following up on claims but reminds farmers to leave a check strip in fields for crops that may not have been assessed yet.
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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.