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Another ‘harvest from hell’: Canada’s farmers forced to acclimatize to weird weather

Late this summer, at least 12 counties in Manitoba declared a “state of agricultural emergency.” It was too dry.
 
In November, two Alberta counties declared “municipal agriculture disasters.” It was too wet.
 
And they weren’t the first in the province to point out the difficulties farmers are facing this year.
 
Persistent wet weather in the Leduc area prompted the local government there to declare an agricultural disaster in September. In August, Lac Ste. Anne county, northwest of Edmonton, declared a state of agricultural disaster for the second year in a row.
 
In Grande Prairie, which declared an agricultural disaster in early November, county officials said in a press release that between 40 and 60 per cent of crops were still in the fields. Early snowfall, they added, was “ending any chance of increasing the figures this season.” 
 
This sort of volatility in weather is only expected to increase, according to Agriculture and Agri-Food Canada. The federal government agency warns on its website that droughts, floods and violent storms are all predicted to increase in frequency as a result of climate change.
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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.