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Record sales at Canada Farm Progress Show

Canada Farm Progress Show officials are calling this week’s event a huge success.
 
The three day show wraps up Friday.
 
Manager Shirley Janeczko says attendance was a near record on the second day of the show, reaching over 15 thousand people.
 
On opening day, there were over 13 thousand in attendance.
 
As well, Janeczko says international sales from the show have reached a new pinnacle, 500 million dollars.
 
She says there have been huge delegations from India, Mongolia, Kazakstan and China this year.
 
In total, 700 foreign visitors from over 50 countries attended the show.
 
Source : CKRM

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

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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.