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USDA NASS: Northeastern Region Small Grains Annual Summary

Barley production is estimated at 208 thousand bushels, down 55 percent from the 2018 total of 464 thousand bushels.  Average yield per acre, at 52.0 bushels, is down 6.0 bushels from the previous year.  Harvested area, at 4 thousand acres, is down 50 percent from 2018.  Winter wheat production for 2019 totaled 4.16 million bushels, down 37 percent from the 2018 total of 6.56 million bushels.  Average yield, at 63.0 bushels per acre, is down 6.0 bushels from 2018. Area harvested for grain is estimated at 66 thousand acres, down 31 percent from the previous year.

Source : cornell.edu

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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.