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CCHA Investigating Hail Claims

The Canadian Crop Hail Association (CCHA) says severe storms that occurred earlier this month dropped golf ball sized hail and spawned tornadoes and high winds causing damage to crops across western Canada.
 
The storms occurred June 28 and July 2, July 4-10 and July 12.
 
CCHA member companies are investigating about 1,200 claims of crop damage during that time period.
 
Murray Bantle, of Co-operative Hail Insurance Company, said storms damaged cereals, oilseed and pulses in the Manitoba communities of Hamiota, Melita, Pierson, Reston and Elkhorn.
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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.